BTCUSD Bullish breakout with a possible retracementKey Observations:
Breakout from Consolidation:
BTC has successfully broken above a key resistance zone (~ FWB:88K –$90K).
The breakout is supported by strong bullish momentum, indicated by a large green candle.
Fair Value Gap (FVG) Zones:
Multiple FVG zones (5m, 15m, 30m) are marked, which may act as potential support on a retracement.
BTC might retest these FVG areas (~ GETTEX:89K –$91K) before continuing higher.
Order Block (OB) Retest Possibility:
A previous order block (OB) zone (~ GETTEX:87K – GETTEX: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.
Projected Path:
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 GETTEX:89K , the trend remains bullish.
A breakout above $95K–$96K would confirm a move toward $100K+.
Bearish Invalidations:
If BTC breaks below GETTEX: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 (~ FWB:88K –$91K).
If confirmed, expect BTC to push towards new all-time highs with a target of $100K–$110K. 🚀
