Bitcoin
Short

BTCUSD Bullish breakout with a possible retracement

256
Key Observations:
Breakout from Consolidation:

BTC has successfully broken above a key resistance zone (~88K90K).
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 (~89K91K) before continuing higher.
Order Block (OB) Retest Possibility:

A previous order block (OB) zone (~87K89K) 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 95K96K 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 (~88K91K).
If confirmed, expect BTC to push towards new all-time highs with a target of 100K110K. 🚀

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.