✅ I have opened a long at
$BTC #BTC I share a summary of the setup. No signals, just structure, fractality, and real technical context.
🔍 What did I see on the chart?
— On 4H, the price has been falling sharply since $98K
— I draw a regression channel from that high to the current low at $83K, an area that also coincides with a possible relevant minimum support to test
— The RSI on 4H shows clear oversold conditions, adding to the hypothesis of a possible bounce
With these conditions (price in the lower zone of the channel + oversold + technical support), I start looking for validation in smaller timeframes.
📉 Fractality down to 1M:
— On 1M, the price briefly breaks below $83.8K, but quickly repositions above, which I interpret as a liquidity sweep
— In that zone, an Order Block forms, acting as the basis for the movement
— Then, the price draws a bearish pennant, which I read as a structure to take liquidity before continuing upward
🟢 That combination was my entry trigger
🎯 SL: below the sweep, at $83.3K
📈 TP: at the previous relative high, around $85,500
Do you think the price will reverse upward in the short term due to this support? I read you, let's discuss!
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