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Today’s report will include:

• Updated Technical Analysis

• Other key market developments

• Market Psychology

• Trading Tools

BTCUSDT Swing Long Trade 📈 

In Today’s analysis -BTCUSDT- Trading under a bearish order block, a rotation to lower support will allow for a swing long.

Points to consider ✍️ 

• ATH Deviation/ Failed Auction

• Range Low Support Untapped

• Key SFP - Resting Liquidity

• Rotational Price Action

The current resistance for Bitcoin is the Bearish Order Block that is yet to be tested, rejection here will signify weakness.

A Failed Auction/ Deviation type of price action at the overall range low will be considered a long trade entry, this will take out all the resting liquidity for a significant rise back up.

Overall, from Bitcoin Insider’s perspective, BTCUSDT is a valid long with defined risk at the range low, how price reacts needs to be used upon discretion/ management of the trade.

Hope this analysis helps.

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Bitcoin Insider bouncing back to work, See you in the next one! 👊