Key Observations:
BTC has successfully broken above a key resistance zone (~
88K–$90K).
The breakout is supported by strong bullish momentum, indicated by a large green candle.
Multiple FVG zones (5m, 15m, 30m) are marked, which may act as potential support on a retracement.
BTC might retest these FVG areas (~
89K–$91K) before continuing higher.
Order Block (OB) Retest Possibility:
87K–89K) is still relevant and may act as support if BTC retraces deeper. This would be a bullish retest, confirming support before the next move up.
BTC may pull back into the FVG zones or OB before bouncing.
Once support is confirmed, BTC is likely to resume its uptrend towards $100K+.
Bullish Scenario:
If BTC stays above89K, the trend remains bullish.
A breakout above $95K–$96K would confirm a move toward $100K+.
Bearish Invalidations:
If BTC breaks below87K, it may test lower levels before resuming bullish momentum.
Losing $85K could delay the rally significantly.
Conclusion:
BTC is bullish, but a short-term retracement is expected.
The best entry would be a successful retest of the FVG or OB zones (~88K–$91K).
If confirmed, expect BTC to push towards new all-time highs with a target of $100K–$110K. 🚀
BTC has successfully broken above a key resistance zone (~
88K–$90K).The breakout is supported by strong bullish momentum, indicated by a large green candle.
Multiple FVG zones (5m, 15m, 30m) are marked, which may act as potential support on a retracement.
BTC might retest these FVG areas (~
89K–$91K) before continuing higher.Order Block (OB) Retest Possibility:
87K–89K) is still relevant and may act as support if BTC retraces deeper. This would be a bullish retest, confirming support before the next move up.BTC may pull back into the FVG zones or OB before bouncing.
Once support is confirmed, BTC is likely to resume its uptrend towards $100K+.
Bullish Scenario:
If BTC stays above
89K, the trend remains bullish.A breakout above $95K–$96K would confirm a move toward $100K+.
Bearish Invalidations:
If BTC breaks below
87K, it may test lower levels before resuming bullish momentum.Losing $85K could delay the rally significantly.
Conclusion:
BTC is bullish, but a short-term retracement is expected.
The best entry would be a successful retest of the FVG or OB zones (~
88K–$91K).If confirmed, expect BTC to push towards new all-time highs with a target of $100K–$110K. 🚀
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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.
Related publications
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.