BTCUSDT 30-Min | Microstructure Breakdown at Key Confluence
Price Action:
BTC rejected from Fib 0.5–0.618 zone (110.2K–111.5K), aligning with rising channel resistance.
Failed breakout attempt above local highs (~109.6K) → price sharply reversed.
Clean breakdown from rising wedge/channel support (blue) and EMA cluster.
Support/Resistance:
Immediate support at 107.5K (red horizontal) now under pressure.
Next key support: 106.6K zone (channel lower bound, Fib cluster, previous demand).
Resistance remains strong at 109.8K–110.2K (gray zone + trendline).
Indicators:
Volume spike during recent breakdown = bearish confirmation
Multiple consecutive sell signals after EMA flattening = momentum shift
Minor bounce attempts got rejected at descending EMA stack
🎯 Quick Take:
Bias: Bearish below 108.2K
Scalp short active while price is under red horizontal + EMAs
Watch for bounce attempt near 106.6K–106.3K
Invalidation: Clean reclaim of 108.6K + bullish volume
BTC rejected from Fib 0.5–0.618 zone (110.2K–111.5K), aligning with rising channel resistance.
Failed breakout attempt above local highs (~109.6K) → price sharply reversed.
Clean breakdown from rising wedge/channel support (blue) and EMA cluster.
Support/Resistance:
Immediate support at 107.5K (red horizontal) now under pressure.
Next key support: 106.6K zone (channel lower bound, Fib cluster, previous demand).
Resistance remains strong at 109.8K–110.2K (gray zone + trendline).
Indicators:
Volume spike during recent breakdown = bearish confirmation
Multiple consecutive sell signals after EMA flattening = momentum shift
Minor bounce attempts got rejected at descending EMA stack
🎯 Quick Take:
Bias: Bearish below 108.2K
Scalp short active while price is under red horizontal + EMAs
Watch for bounce attempt near 106.6K–106.3K
Invalidation: Clean reclaim of 108.6K + bullish volume
A Haque
Founder | MyTradingJournal
📊 Financial Market Analyst | Trader | Educator
🐦 Twitter: @MyTradingJnl6th
📺 YouTube: @MyTradingJournal6th
Founder | MyTradingJournal
📊 Financial Market Analyst | Trader | Educator
🐦 Twitter: @MyTradingJnl6th
📺 YouTube: @MyTradingJournal6th
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
A Haque
Founder | MyTradingJournal
📊 Financial Market Analyst | Trader | Educator
🐦 Twitter: @MyTradingJnl6th
📺 YouTube: @MyTradingJournal6th
Founder | MyTradingJournal
📊 Financial Market Analyst | Trader | Educator
🐦 Twitter: @MyTradingJnl6th
📺 YouTube: @MyTradingJournal6th
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.