BTC/USD Technical Analysis — Educational Breakdown
🧠 Key Observations:
🔹 Market Structure: Break of Structure (BOS) Confirmations
The chart highlights multiple BOS points, showing clear transitions in market structure – a strong indication of bullish momentum building up after prior consolidation and retracements.
🔹 Support Zone (Demand Area): 115,355 – 117,403
This area has acted as a liquidity pool where buyers previously stepped in, forming the base for new BOS formations. A retest of this level could offer a high-probability long entry.
🔹 Resistance Zone (Supply Area): 123,375 Region
This marked level is a prior high and expected profit-taking or potential short-trigger zone. Price is likely to target this level if bullish momentum continues.
⸻
📈 EMA Analysis (20/50/100/200)
• Stacked Bullishly: EMAs are layered with the shorter-term EMAs (20/50) above the longer-term ones (100/200), suggesting trend continuation to the upside.
• Price reclaiming above all EMAs signals momentum is shifting from accumulation to expansion.
⸻
🔮 Potential Scenario:
1. Bullish Retest Play
A pullback toward the demand/support zone (116k–117.4k) can present a high-RR entry.
2. Continuation Toward Resistance
If price holds above the EMAs and structure, we could see a push toward 123,375, where profit booking may occur.
⸻
📌 Market Sentiment Bias: Bullish
• Structure: Bullish BOS
• Momentum: Above all EMAs
• Volume Profile: High acceptance near
🧠 Key Observations:
🔹 Market Structure: Break of Structure (BOS) Confirmations
The chart highlights multiple BOS points, showing clear transitions in market structure – a strong indication of bullish momentum building up after prior consolidation and retracements.
🔹 Support Zone (Demand Area): 115,355 – 117,403
This area has acted as a liquidity pool where buyers previously stepped in, forming the base for new BOS formations. A retest of this level could offer a high-probability long entry.
🔹 Resistance Zone (Supply Area): 123,375 Region
This marked level is a prior high and expected profit-taking or potential short-trigger zone. Price is likely to target this level if bullish momentum continues.
⸻
📈 EMA Analysis (20/50/100/200)
• Stacked Bullishly: EMAs are layered with the shorter-term EMAs (20/50) above the longer-term ones (100/200), suggesting trend continuation to the upside.
• Price reclaiming above all EMAs signals momentum is shifting from accumulation to expansion.
⸻
🔮 Potential Scenario:
1. Bullish Retest Play
A pullback toward the demand/support zone (116k–117.4k) can present a high-RR entry.
2. Continuation Toward Resistance
If price holds above the EMAs and structure, we could see a push toward 123,375, where profit booking may occur.
⸻
📌 Market Sentiment Bias: Bullish
• Structure: Bullish BOS
• Momentum: Above all EMAs
• Volume Profile: High acceptance near
Trade active
BTC Trade UpdateBitcoin is currently holding strong at the 118,000 support level, and the trade remains active. Price action is respecting the zone, indicating potential for a bullish reversal or consolidation. Monitoring closely for confirmation to scale or secure partials.
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Market Analyst | XAU/USD Focused
Educational Content & Technical Breakdowns
Premium VIP Signals & Market Insights
Forex Mentorship & Live trades & strategies shared daily
Join our Telegram t.me/Mentor_Michael033
Educational Content & Technical Breakdowns
Premium VIP Signals & Market Insights
Forex Mentorship & Live trades & strategies shared daily
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.