| Level | Price | From price | Role |
|---|---|---|---|
| Swing high | 1.427 | +9.8% | swing |
| Naked POC | 1.400 | +7.7% | naked poc, fib |
| Order block | 1.388 | +6.8% | order block, poc |
| 2-TF resistance | 1.375 | +5.8% | confluent, fib |
| 3-TF resistance | 1.349 | +3.7% | confluent, golden pocket |
| 2-TF resistance | 1.310 | +0.8% | bull target, calendar |
| 2-TF support | 1.287 | -1.0% | confluent, sr |
| 3-TF support | 1.255 | -3.4% | confluent, calendar |
| Golden pocket | 1.244 | -4.3% | golden pocket, calendar |
The sweep is the story: on the last closed candle price took the stops below the 1.255 low and closed back inside — that is a trap, not a break. Bitcoin's daily chart is in transition — no clean trend yet, so structure counts for more than momentum. What argues for lower: the chart is in a downtrend — lower highs and lower lows, and bearish structure — lower lows, and price broke below the last swing low (BOS down). This is not a tie but a trend under test: the downtrend stands while 1.310 holds, and the challenge only counts if it breaks. The bull case has the mechanics: open interest is rising into the move — that is new longs coming in, not shorts covering, which is what a breakout with staying power looks like. The total crypto market cap is down 2.9% over the last 24 hours. The 1D downtrend is strong — orderly and participated. Price is trading inside a demand block 1.255–1.414 — buyers' zone, reaction pending. So the downtrend is the frame: 1.310 capping price keeps it intact, a close back below 1.295 restarts it, and a close above 1.310 breaks it.
1.310 (2-TF resistance) caps the upside; a close that holds above it changes the picture. Below, 1.295 is the floor — a close that holds under it and the structure opens up. Beyond the box, the next levels are 1.375 (2-TF resistance) above and 1.244 (Golden pocket) below.
At 46%, this needs a close and hold above 1.310. That opens 1.375 (2-TF resistance) then 1.427 (Swing high). It fails on a close and hold below 1.295.
This path is 47% and it starts with a close and hold below 1.295. From there the road runs to 1.244 (Golden pocket) then 1.164 (Support). It fails on a close and hold above 1.310.
At 7%, price keeps rejecting both edges of 1.295–1.310 and the range holds.
Holding below 1.310 keeps this a bounce inside the downtrend. A close above 1.310 breaks the trend's last lower high — that is how trends end. The way to get this wrong: calling the downtrend over before its last lower high breaks — the challenge only counts on a close through it.
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