Bitcoin Analysis Update
Bitcoin has given us a substantial bearish range break and is now retracing into the old supply range. The question is simple:
Is this a retracement for bearish continuation, or will Bitcoin conjure up the strength to break structure bullish?
London session will be key—let’s see what price action brings. Either way, we are prepared.
Bullish Case:
If Bitcoin retraces deep into demand and forms a second continuation pattern, I’ll be looking for longs at the highlighted demand zones on the 30m, but only if we see a clear market structure shift.
Bearish Case:
If neither of the demand zones hold, we could be in for a flush down to 78K and the old 240-day demand range. So far, we’ve filled some FVG, but not all.
Short Opportunity:
For those eyeing a short, watch for a distribution at the 2H supply—this would provide a high-probability short setup within the red box. However, before pulling the trigger, ensure market structure flips bearish again.
Stay sharp & trade smart!