02/13/2025
Analysis Today February 13, 2025.
š D1 Timeframe:
Two days ago, BTCUSD dropped sharply to absorb prior bullish momentum, but yesterday, buyers quickly pushed the price back up, signaling strength for further upside.
BTCUSD remains in a deep price compression phase, with yesterday's D1 candle still within the Double Inside Bar pattern. The prolonged consolidation suggests a potential strong breakout ahead.
Overall, BTCUSD is moving sideways within a trading range, with the dominant trend still bullish.
š H4 Timeframe:
BTCUSD continues to move within the current sideways trading range, with no clear trend structure yet.
A positive price action signal appeared yesterday when the price briefly dipped below the lower boundary before reversing sharply (see arrow). This false break created a bear trap, favoring a bullish outlook.
>> Today Strategy: remains a buy strategy:
1. Buy if the price breaks above the range and retests after approaching the 100,000 level.
2. Buy if the price revisits strong confluence support at 90,000 (PPZ + round number).
(check photo to see entry zones)