--->STRUCTURAL OBSERVATIONS
Bitcoin
BTCUSDT continues to maintain a clear bullish market structure defined by higher highs and higher lows. After the third impulsive leg higher, price saw a sharp but healthy pullback directly into the 0.618 Fibonacci retracement (Golden Zone).
This level also aligns with a major prior swing low, creating strong structural demand. Pullbacks of this magnitude are normal within trending markets as price consolidates before the next potential continuation move.
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--->THE COMPRESSION
What stands out is how price behaved after reaching this demand zone. Instead of breaking down, selling pressure slowed significantly and price began compressing into a wedge formation.
Volatility contraction at key support levels often indicates seller exhaustion.
We have now seen a breakout from the wedge, along with a change of character (CHoCH) on the lower timeframe - suggesting the correction may be complete and the broader trend could resume if momentum continues.
----------
--->THE TRADE PLAN
✅ Entry
• Preferably on a retest of the broken wedge trendline / local demand zone
⛔ Stop Loss
• Below the main demand zone (~65,900)
If this level fails, the continuation thesis is invalidated.
🎯 Targets
• Target 1: 68,500 – 68,700
0.5 Fibonacci retracement + minor supply zone.
• Target 2: ~69,900
Major structural supply, aligning with the 0.382 retracement of the broader move and the 0.5 retracement of the recent correction.
----------
BOTTOM LINE
BTC executed a textbook pullback into the Golden Zone, followed by compression and breakout from a wedge structure.
If price holds the demand zone on a retest, this setup offers a favorable risk-to-reward opportunity for trend continuation toward the 70K supply region.
As always - structure confirms the move, not prediction.
----------
Chartered Accountant (CA) | Ex-UK Commodity Desk | Equity & Options Strategist
Aligning macro, fundamentals & technical precision to identify high-conviction asymmetric setups.
📌 Follow for institutional-style setups across equities, FX, crypto, and options.
Disclaimer: Educational purposes only.
Bitcoin
BTCUSDT continues to maintain a clear bullish market structure defined by higher highs and higher lows. After the third impulsive leg higher, price saw a sharp but healthy pullback directly into the 0.618 Fibonacci retracement (Golden Zone).This level also aligns with a major prior swing low, creating strong structural demand. Pullbacks of this magnitude are normal within trending markets as price consolidates before the next potential continuation move.
----------
--->THE COMPRESSION
What stands out is how price behaved after reaching this demand zone. Instead of breaking down, selling pressure slowed significantly and price began compressing into a wedge formation.
Volatility contraction at key support levels often indicates seller exhaustion.
We have now seen a breakout from the wedge, along with a change of character (CHoCH) on the lower timeframe - suggesting the correction may be complete and the broader trend could resume if momentum continues.
----------
--->THE TRADE PLAN
✅ Entry
• Preferably on a retest of the broken wedge trendline / local demand zone
⛔ Stop Loss
• Below the main demand zone (~65,900)
If this level fails, the continuation thesis is invalidated.
🎯 Targets
• Target 1: 68,500 – 68,700
0.5 Fibonacci retracement + minor supply zone.
• Target 2: ~69,900
Major structural supply, aligning with the 0.382 retracement of the broader move and the 0.5 retracement of the recent correction.
----------
BOTTOM LINE
BTC executed a textbook pullback into the Golden Zone, followed by compression and breakout from a wedge structure.
If price holds the demand zone on a retest, this setup offers a favorable risk-to-reward opportunity for trend continuation toward the 70K supply region.
As always - structure confirms the move, not prediction.
----------
Chartered Accountant (CA) | Ex-UK Commodity Desk | Equity & Options Strategist
Aligning macro, fundamentals & technical precision to identify high-conviction asymmetric setups.
📌 Follow for institutional-style setups across equities, FX, crypto, and options.
Disclaimer: Educational purposes only.
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Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.