BTC/USDT: Ladder or Trap? 1H / 10 jan. 2024
2025-01-10
Category: None

BTC is playing games again. After breaking structure multiple times on the way down, we’re now seeing what looks like a "ladder" climbing toward resistance. But is it strong enough to hold? 🤔

📊 Key Levels:

Weak High: Sitting just above 96k, this is the big boss. A break here, and we’re talking fireworks. But if BTC gets smacked back down, expect bears to take control again.
Strong Low: The blue zone around 92k is a fortress for now. If BTC revisits it, we need to see if the bulls are ready to fight back or wave the white flag.

🧐 What’s That Ladder?
The ladder structure shows a series of higher highs and higher lows—bullish vibes, right? But don’t get too comfy. If it breaks down, we might see a flash crash to the next strong resistance at approx. 89k.

💡 Game Plan:

Bullish Scenario: Break and hold above the weak high with solid volume = 🚀 potential rally toward 100k.
Bearish Scenario: Fail to clear the weak high = rejection and a likely test of the strong low.

⚠️ Today’s Bonus Twist: Nonfarm Payrolls and Unemployment Rate numbers are on the menu. Expect some volatility as NY session unfolds. Buckle up, this will be powerfull! 🎢

What’s your play—climbing the ladder or waiting for the fall? Let me know in comments ;) 🪜👇