Will Bitcoin Bounce Before the Next Drop? for OANDA:BTCUSD by Adrian_NovaTrader
Bitcoin is now testing the 62,800–63,000 area after a sharp rejection from the 65,000–65,200 H4 OB. My view for today: I expect a short-term bullish reaction from the current liquidity area first, with price potentially recovering toward 63,600–64,400. However, unless BTC reclaims 64,400–65,200, I would treat this as a retracement within the broader bearish structure. 📌 Today’s Plan Bias: Short-term bullish retracement → bearish continuation Entry Zone: 62,800–63,000 SL: 62,150 TP1: …
Bitcoin is now testing the 62,800–63,000 area after a sharp rejection from the 65,000–65,200 H4 OB. My view for today: I expect a short-term bullish reaction from the current liquidity area first, with price potentially recovering toward 63,600–64,400. However, unless BTC reclaims 64,400–65,200, I would treat this as a retracement within the broader bearish structure. 📌 Today’s PlanBias: Short-term bullish retracement → bearish continuationEntry Zone: 62,800–63,000SL: 62,150TP1: 63,600TP2: 64,200TP3: 64,400The key condition is the 62,800–63,000 area holding. A sweep below 62,800 followed by a strong H4 recovery would strengthen the bounce scenario. If price reaches 63,600–64,400 and shows clear rejection, this becomes the main area to watch for the next bearish move toward 62,200 liquidity. Invalidation:A sustained H4 break below 62,150 would invalidate the bullish retracement scenario and expose the 61,600–61,400 SSL zone. 🎯 Market Path62,800–63,000 → reaction63,600 → TP1 / first resistance64,200 → TP264,400 → major reaction area62,200 → downside liquidity if the bounce failsKey Insight:I’m not expecting a straight move in one direction. The higher-probability path I’m watching is a reaction from current liquidity, a retracement higher, then another decision around 64,400. 📊 Welcome📈 Personal Market Analysis🔍 Technical Analysis & Liquidity📚 Educational Trading Content📝 Trade Setups & Market ReviewsJoin here:t. me/+XGtKJ5KxlehmNjU1Chart PatternsTrend AnalysisWave AnalysisDisclaimerThe information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in theTerms of Use. DisclaimerThe information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in theTerms of Use.