BTC is showing signs of a bullish market-structure shift after reacting strongly from the lower demand zone. The double-bottom formation suggests buyers are defending this area, while the recovery back above the previous structure adds further strength to the setup.
The recent move indicates that sellers are losing control and buyers are attempting to push price higher. As long as the demand zone remains protected, the focus stays on continued upside and a potential retest of the recent swing-high area.
A clean breakout followed by a successful retest would provide stronger confirmation for bullish continuation. However, rejection and a sustained breakdown below the demand area would invalidate the current bullish structure.
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Trade with Patience. Profit with Discipline.
t.me/Profitpro666
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.
