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@BtcDiam

#BTC Daily Outlook Bitcoin has a habit of ranging first, then moving fast. Back in June we had a bearish Break of Structure (BOS) on the daily, and an internal BOS on the 4H. Price pulled back into the 4H premium while it was still in the daily discount, then went sideways. A lot of people sold, expecting new lows. Liquidity built up. Then the short squeeze hit, and Bitcoin ran about 30% from $62k to $82k in late August. The current chart looks like the same pattern, just flipped. We now have a bullish market structure shift (MSS) on the daily, and an internal BOS on the 4H. If price retraces into the 4H discount around $78k while it is still in the daily premium, I expect another range into mid to late October. That range is where longs can get trapped. A long liquidation from there could send price about 20% lower, into the daily discount around $64k. That $64k area is where I would rather look for buys, targeting a move back above $100k and possibly new ATHs. This is not a prediction. It is a path worth watching. Share your thoughts!

1 hour ago
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