BTCUSD Bullish breakout with a possible retracement
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Key Observations: Breakout from Consolidation:
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.
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 (~89K–91K) before continuing higher. Order Block (OB) Retest Possibility:
A previous order block (OB) zone (~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.
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 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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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.