Market Overview:
Bitcoin (
BTC$) has successfully formed a structural bottom after a recent corrective phase. Following a sequence of bearish Break of Structures (BOS), price action shifted on June 19th, establishing a solid foundation around the $62,200 level. We are now witnessing a clear shift in momentum back to the upside.
Key Technical Factors
Bullish Market Structure Shift: The price action has broken through local swing highs, securing a new bullish BOS (Break of Structure) on the lower timeframes. This signals that the bears are losing control.
Ascending Trendline Support: A clean, multi-touch bullish trendline is guiding the price higher, acting as dynamic support alongside a horizontal support floor around $63,200.
H1 Order Block (H1-OB) Mitigation: Price is currently testing and consolidating within a high-probability 1-Hour Bullish Order Block (H1-OB) highlighted in blue. This zone represents heavy institutional buying interest and is expected to act as the primary launchpad for the next leg up.
Trading Setup & Plan
We are looking for a long positioning opportunity as long as the immediate support zone holds.
Entry Zone: $63,300 - $63,600 (Within the H1-OB zone)
Stop Loss (SL): Below the recent swing low and support line (~$63,100)
Take Profit 1 (Target): $64,500 (Prior structural liquidity/resistance)
Take Profit 2 (Full Target): $65,400 (Major bearish MSS origin point)
Bitcoin (
BTC$) has successfully formed a structural bottom after a recent corrective phase. Following a sequence of bearish Break of Structures (BOS), price action shifted on June 19th, establishing a solid foundation around the $62,200 level. We are now witnessing a clear shift in momentum back to the upside.Key Technical Factors
Bullish Market Structure Shift: The price action has broken through local swing highs, securing a new bullish BOS (Break of Structure) on the lower timeframes. This signals that the bears are losing control.
Ascending Trendline Support: A clean, multi-touch bullish trendline is guiding the price higher, acting as dynamic support alongside a horizontal support floor around $63,200.
H1 Order Block (H1-OB) Mitigation: Price is currently testing and consolidating within a high-probability 1-Hour Bullish Order Block (H1-OB) highlighted in blue. This zone represents heavy institutional buying interest and is expected to act as the primary launchpad for the next leg up.
Trading Setup & Plan
We are looking for a long positioning opportunity as long as the immediate support zone holds.
Entry Zone: $63,300 - $63,600 (Within the H1-OB zone)
Stop Loss (SL): Below the recent swing low and support line (~$63,100)
Take Profit 1 (Target): $64,500 (Prior structural liquidity/resistance)
Take Profit 2 (Full Target): $65,400 (Major bearish MSS origin point)
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Join My Telegram Channel Free:
t.me/+rpAk5p9v5NYwMGY0
Daily 500+ Pips Target
For more Charts and Signals Join:
t.me/+rpAk5p9v5NYwMGY0
Contact: t.me/fx_martin07
t.me/+rpAk5p9v5NYwMGY0
Daily 500+ Pips Target
For more Charts and Signals Join:
t.me/+rpAk5p9v5NYwMGY0
Contact: t.me/fx_martin07
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.