Bitcoin (BTC): Waiting For Break of Structure

أول أمس

Price is trading around that major support area where recently we had a smaller breakout movement and now price is back at support, retesting that area.

Now we are looking for a break of structure at $112K, where our long entry is sitting at. Once we get that BOS, we would be looking for a long position with R:R being 1:3.

Swallow Academy

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ملاحظة

BTC buyers had a nice attempt, which almost resulted in a proper BOS but without any confirmations, buyers failed to secure that zone and the price fell back to where we were at yesterday.

The game plan remains the same; as long as buyers hold control over that support zone, we are going to look for that proper BOS.