BTCUSDT. Trading opportunity
2024-10-11

Hi traders and investors! 

Update on the Bitcoin situation.

 Daily Timeframe  
On the daily time frame (TF), the seller's candle with increased volume did not yield results relative to the wick of the previous candle. 

 Hourly Timeframe  
On the hourly TF, there is a range, and the buyer is defending the lower boundary of the range at 59,828. The current buyer's vector is 5-6, with a potential target of 63,468 (64,478). The key candle (the one with the highest volume) in the seller's vector 4-5 is at the bottom of the vector ("KC" on the chart), and it was absorbed by the buyer.

 Highlights  
Based on both the daily and hourly TFs, the current priority is to look for buying opportunities.

Threats to the buyer: 
 
 The level marking the start of the seller's last sub-impulse on the hourly TF is 61,321, which is also the high of the last daily candle. 
 There's also a seller's zone (red rectangle on the chart), with the lower edge at 62,326.
 
