📉 Bitcoin Daily 📈

$BTC reached crucial resistance. Market structure shift to bullish if breaks above 65175 (reminder BTC haven't yet created a single Higher High since March). Once new HH created, all we have to do is to buy everything on the next swing down, as high chances it will be the last one before total launch to the moon.

If get rejected here high chances to drop down to 60500-61500 zone. And since that swing top will become another lower high, potentially can retrace much lower. But that is yet a distant perspective which might never happen.

Won't try to forecast which scenario it will be. Developing week candle so far gains bullish momentum, so if close in 2.5 days same as now, higher high will be created next week (unless happen earlier). The rest depends on PA.

Nearest liquidity pools:
above - 64524 / 65340 / 67250 / 70310
below - 62390 / 61656 / 60740 / 59455

Lines on the chart:
🔸58942 - August close
🔸54840 - week close
🔸53329 - July low
🔸50600 - developing Year VWAP VAL
🔸48888 - August low
🔸44779 - 2023 high

Trend: D ↘️ W ↘️ M ▶️

😐 F&G: 54 < 49 < 45 < 33 < 39

#BTC #Bitcoin #Marketstructure

$BTC $ETH
#Marketstructure
Market structure in literature vs market structure in reality.
What is market structure?
The candles you see in trading view or binance chart prints a structure.This structure consists of higher highs and higher lows in uptrend.
Whatever happens behind and on chart is your orderflow.
Identify market trend by marking higher highs and higher lows.
#HalvingHorizons
#BullRun🐂
#EducationalPost 🧙‍♂️

There are three types of markets
Bullish
Bearish
Ranging

Bullish:
Bullish when prices makes new highs and new lows which are called higher highs and higher lows .

Bearish:
A bearish market is a market which makes new lows and new highs which are called lower highs and higher lows .

Ranging:
Market enters in a middle phase after Bullish or bearish run which is called Ranging market .Ranging market happens when buyers and sellers are pushing the market towards there way and no one is able to push the price in there favour .Also ranging markets are essential for market as many people liquidates and making them exit the market with a lose and then big players push the markets .

Note :Market can be Bullish as a whole in long term and can be bearish in short term which are called internal highs and lows which can be spotted only by experience traders .Same goes for bearish market as well .
#Marketstructure #MarketMovement #US_Job_Market_Slowdown #PEPE_EXPERT #shiba⚡
Pepe and shib expert