BTC, Price Action potential moves.
Bitcoin / USD CAPITALCOM:BTCUSD
Daily: Ascending channel . Reacting off the 48,000 mark, 3 times currently.
Trading range: High, 51883.80 & 34021,70.
Bias: Bullish due to working between range to the upside inside channel.
4H, Currently in. bullish move as produced HL’s and LH’s. Price will need to break key structure levels to confirm next level of approach.
1H, Bearish , making LH’s and HL’s. currently ranging in a bearish manner.
Action: If price breaks BoS down past 1H Swing Low and creates new HL, sell’s will be activated. Price will need to break 4H Swing high to confirm Buy’s again.
