BTCUSD Technical Analysis – Break of Structure + Support/Resistance Strategy
🔍 Market Structure Insight
The chart clearly shows multiple Breaks of Structure (BOS) throughout the uptrend, indicating strong bullish momentum. Each BOS confirms a higher high formation and continued market strength.
📌 Key Zones
Resistance Zone: Price recently tested this level and faced rejection, indicating potential short-term selling pressure.
Support Zone: Price is currently retesting this level after a correction, showing signs of a possible bounce. It aligns well with the EMA support cluster (20–200 EMAs).
🔄 Current Price Action
After a significant impulse move to the upside, BTC is now in a corrective phase. However, the support zone is holding, and there's potential for a new bullish wave if price sustains above $115,000.
📈 Bullish Scenario
Price holds above support
EMA cluster continues to act as dynamic support
Break above $118,000 resistance could trigger the next rally toward $122,000+
🔍 Market Structure Insight
The chart clearly shows multiple Breaks of Structure (BOS) throughout the uptrend, indicating strong bullish momentum. Each BOS confirms a higher high formation and continued market strength.
📌 Key Zones
Resistance Zone: Price recently tested this level and faced rejection, indicating potential short-term selling pressure.
Support Zone: Price is currently retesting this level after a correction, showing signs of a possible bounce. It aligns well with the EMA support cluster (20–200 EMAs).
🔄 Current Price Action
After a significant impulse move to the upside, BTC is now in a corrective phase. However, the support zone is holding, and there's potential for a new bullish wave if price sustains above $115,000.
📈 Bullish Scenario
Price holds above support
EMA cluster continues to act as dynamic support
Break above $118,000 resistance could trigger the next rally toward $122,000+
Trade closed: target reached
✅ BTC Half Target Achieved!Price reacted perfectly from our key zone — setup remains active and on track.
Monitoring for full target
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Market Analyst | XAU/USD Focused
Educational Content & Technical Breakdowns
Premium VIP Signals & Market Insights
Forex Mentorship & Affiliate Opportunities
Join our Telegram t.me/Mentor_Michael033
Educational Content & Technical Breakdowns
Premium VIP Signals & Market Insights
Forex Mentorship & Affiliate Opportunities
Join our Telegram t.me/Mentor_Michael033
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.