When it comes to the BTC/USD price of course, in case market breaks over 66.599 then wait for retest and entry confirmation! We want our high-volume candle to move very decisively in one direction or the other, ideally following it up with some more structure.
It is worth to mention that BTC/USD did not make a clear move. This remains applicable post the market gets examined to 65,385 levels. Conversely, a rapid move to the upside with large candles on BTC/USD implies strong bullish momentum. But we need to be Patient…. wait for our levels.
Also, BTC/USD has not been moving much today as well. BTC/USD may fly once in the PM or NY session. If you do not get confirmations to your entries then it becomes very dangerous for us as traders in taking trades.
High-Volume Candle Breakout:
Keep a close eye on 66,599 area. So, a crack of this level with even high-volume candle talks about strong directional action. This is important for confirming the move as it shows that the market has bought into this and reduces your risk of a false breakout, but more on this in just a minute.
Retest and Confluence Strike Because...
After the breakout, and wait for market to retest that level which get broke. A retest is required before this because it serves as a lower-risk entry point. Watch for confirmation on price action patterns and such a liquidity order block fvg momentum shift and fresh order and also breaker block this the main point for execution the trade.
Key Levels for Market Behavior:
Following a collapse over the past month, BTC/USD is still in limbo at this point. The pivotal levels re 65,385. When the market tests this level and moves upward, with a series of strong bull candles in its wake - it can be considered as either a bullish reversal or continuation.
Wait for these levels to be touched, patiently. If you enter early then it could create a loss if the price goes halfway to its test line before rising up again.
Everyday Activity & Timing of Sessions
Today has seen BTC/USD rangebound. But price action frequently picks up during the New York Session or later in the day. For potential downside volatility in the afternoon or NY session.
During these times entry confirmations are critical. Logically, a lot can happen over the years and confirmations help avoid risk.
Key Factors to Monitor:
Watch for direction high-volume candles.
Watch for multiple broken levels who i made
Trigger rally play 66,599 (top) and behavior watch @65,385.
Be aware, New York session can be very volatile.
By following these strategies and waiting for the right confirmations you will be giving yourself a greater chance of success in trading BTC/USD. The only way to make money in this market is by being patient and watching diligently the movements.
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