Bitcoin - overview with Initiative Analysis

Hey traders and investors!

📍 Context
On the daily timeframe, the market is in a sideways range.
The boundaries are marked with black lines.
Buyer initiative is currently active.
Targets: 108,952; 110,530; 111,980.

📊 Key Actions
The seller attempted twice, on increased volume, to break down below the range, but both times the buyer brought the price back inside. Only seller wicks remained below the lower boundary.

🎯 Trade Idea
🔹 Look for long setups from 105 500 -104,622 or the 103,400–100,718 zone.

There is no context for short trades at the moment.


This analysis is based on the Initiative Analysis concept (IA).

Wishing you profitable trades!