Market Context:
Bitcoin continues its high-conviction move off the March breakout, with price maintaining position above all major moving averages. Current price action is stalling beneath a concentrated area of offer-side liquidity between 105,400 and 105,500 as revealed by DOM data.
This level represents the next test for continuation and offers short-term resistance until absorbed.
Technical Breakdown:
Current Price: 105,385
Primary Trend: Bullish (Price above 50 EMA and 200 SMA)
Key Support Zones:
101,500 (prior range top)
97,500 (value node support)
88,000 (200 SMA proximity)
Key Resistance Zones:
105,500 (DOM-stacked sell wall)
109,500 (next major target above breakout)
Market Structure Insight:
After a clean break from the $97.5K–$101.5K consolidation zone, BTCUSD is now forming a tight range near local highs. The presence of passive sell orders on the DOM suggests that participants are absorbing into strength.
A confirmed break above 105,500 opens the door for range extension toward 109,500. Conversely, a close back inside the prior range below 101,500 would indicate a failed breakout and shift our near-term bias to neutral.
Trade Context – Mongoose Capital Positioning:
A long position remains open from the $75K region. No structural change to invalidate the broader trend thesis. DOM and TPO data continue to support the scenario for a secondary leg higher.
Bitcoin continues its high-conviction move off the March breakout, with price maintaining position above all major moving averages. Current price action is stalling beneath a concentrated area of offer-side liquidity between 105,400 and 105,500 as revealed by DOM data.
This level represents the next test for continuation and offers short-term resistance until absorbed.
Technical Breakdown:
Current Price: 105,385
Primary Trend: Bullish (Price above 50 EMA and 200 SMA)
Key Support Zones:
101,500 (prior range top)
97,500 (value node support)
88,000 (200 SMA proximity)
Key Resistance Zones:
105,500 (DOM-stacked sell wall)
109,500 (next major target above breakout)
Market Structure Insight:
After a clean break from the $97.5K–$101.5K consolidation zone, BTCUSD is now forming a tight range near local highs. The presence of passive sell orders on the DOM suggests that participants are absorbing into strength.
A confirmed break above 105,500 opens the door for range extension toward 109,500. Conversely, a close back inside the prior range below 101,500 would indicate a failed breakout and shift our near-term bias to neutral.
Trade Context – Mongoose Capital Positioning:
A long position remains open from the $75K region. No structural change to invalidate the broader trend thesis. DOM and TPO data continue to support the scenario for a secondary leg higher.
TheRealMongoose
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.
TheRealMongoose
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.