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Happpo
$BTC has a strong confluence zone around $81.7K on the 4H. 👀
A retest of this area wouldn’t be bad at all. BTC just swept the wick and took out a logical stop area for lower-timeframe traders.
The 4H 200 MA is also sitting around $81.6K, adding more confluence to this zone.
For me, this is the area to watch closely. I’ve started scaling into a long here, but I’ll cut the position if we lose $81.7K + the 4H 200 MA.
If this support fails, things could get ugly. 📉
#DailyOrbit
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