Hello traders,
Today we’re focusing on Bitcoin’s intraday timeframe to identify potential trade setups and key price levels. Over the past week, BTC has been moving sideways, forming a defined intraday range. Understanding this structure can help us anticipate likely rotations and plan trades accordingly.
Key Technical Points:
• Established Range: High at $87,459 and low at $80,692 – price continues to rotate within this zone.
• Short Setup Objective: Watch for weakness on a retest of $86,037 to potentially short back down toward the range low.
• Significant Liquidity Levels: Major high at $88,560 and key low at $76,545 – likely future targets if internal structure breaks.
The current intraday structure suggests Bitcoin is stuck in a sideways range. If price rejects at $86,037, this could offer a high-probability short opportunity targeting the lower range boundary. On the flip side, holding above the point of control could fuel an impulsive move toward upper resistance.
From a trading perspective, this is still a rotational environment. Until we see a clean break of the range highs or lows, it’s likely BTC continues to chop within these bounds. As always, discretionary trade management is crucial—especially in range-bound conditions where false breakouts can occur. Patience and reaction over prediction remains key.