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$USDT.D 1D
Daily structure is looking very similar to the one before the previous breakout.
• Deviated below Daily sell-side liquidity
• Reclaimed the Daily S/R
• Broke out and flipped the daily trend bullish
• Cleared the Daily MSS level and shifted structure to the upside
Zooming into the 4H, strength is getting established clearly.
• Uptrend continues to be respected
• MSS level is getting tested and holding
• iH&S is forming, which could fuel a strong breakout
The red box is the 1D OB resistance and the main level to watch on a confirmed breakout hold.
As soon as price gets above that on the 4H, I think we likely see a strong impulse move toward the February highs at 9% which will lead to new lows on $BTC
If this bullish scenario gets invalidated, I’ll update accordingly.
#BTC #USDT