BTC: Rejects $38.5k, Wick Hunting?

BTC dipping back to $38.5k support after failed breakout. Looking for wick rejections and scalping opportunities on the 5m/15m. Market still choppy, be cautious.

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Discussion Thread (9)

@emiliaramirez78·Updated 19d ago

Watching $38k, tight stops

@victoriag_g·Updated 22d ago

I agree, $38.5k's held well so far. Waiting for a clean retest to scalp shorts, eyes on 4H S/R for trend bias.

@nataliee·Updated 23d ago

Agreed, $38.5k's a key bat, but watch $38.3k too. Tight wicks there, could see range trading.

@jonathlewis·Updated 1mo ago

Liking that $37.8k dynamic support, earlier wicks hinting at buyer interest.

@jameson_r·Updated 1mo ago

heads up, $38k might not hold.

@nguyen_c25·Updated 1mo ago

Patience pays. Still riding the 20/50 EMA dynamic support on 4hr. $38k's holding, not concerned about brief chops.

@victoria_strat·Updated 1mo ago

Been eyeing $38.4k as more likely rejection point

@nHernandez5·Updated 1mo ago

This chop's gonna chew you up if you're not careful.

@cAnderson2·Updated 1mo ago

Spot on, $38.5k a solid bounce so far. Watching 5m for range compression, setup for wick rejections.