BTCUSD shows a well-defined bullish market structure supported by strong price action and a clear shift in momentum. After forming a solid base, price delivered an impulsive move higher, confirming a Break of Structure and aligning with the broader bullish trend. The ascending structure is marked by higher highs and higher lows, reflecting sustained buyer strength and healthy continuation behavior.
The highlighted demand zone near 90,000–91,000 represents a key support area where price previously consolidated before accelerating upward. This zone may act as a potential buy-on-pullback region if price revisits it with stable structure. As long as price holds above this area, the bullish bias remains intact and continuation scenarios stay valid.
On the upside, price is currently testing a newly formed resistance zone around 97,500–98,500. This area is critical, as selling pressure may appear and cause short-term consolidation or a corrective pullback. A clean acceptance above this resistance would signal strength and open the path toward higher psychological levels near 100,000.
If price fails to hold above the resistance and shows rejection, a controlled retracement toward demand would be considered healthy within the trend. A deeper move below demand would indicate a shift in short-term momentum and require reassessment.
Overall, BTCUSD remains structurally bullish while above demand, with price action favoring continuation over reversal.
Disclaimer: This analysis is for educational purposes only. It is not financial advice. Trading involves risk and uncertainty.
The highlighted demand zone near 90,000–91,000 represents a key support area where price previously consolidated before accelerating upward. This zone may act as a potential buy-on-pullback region if price revisits it with stable structure. As long as price holds above this area, the bullish bias remains intact and continuation scenarios stay valid.
On the upside, price is currently testing a newly formed resistance zone around 97,500–98,500. This area is critical, as selling pressure may appear and cause short-term consolidation or a corrective pullback. A clean acceptance above this resistance would signal strength and open the path toward higher psychological levels near 100,000.
If price fails to hold above the resistance and shows rejection, a controlled retracement toward demand would be considered healthy within the trend. A deeper move below demand would indicate a shift in short-term momentum and require reassessment.
Overall, BTCUSD remains structurally bullish while above demand, with price action favoring continuation over reversal.
Disclaimer: This analysis is for educational purposes only. It is not financial advice. Trading involves risk and uncertainty.
Trade active
Trade closed manually
More Market updates : Join my telegram channel
t.me/+T-DmNW7QW0k5MTdk
My telegram contact for direct reach to me @swing_trader24
t.me/+T-DmNW7QW0k5MTdk
My telegram contact for direct reach to me @swing_trader24
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.
More Market updates : Join my telegram channel
t.me/+T-DmNW7QW0k5MTdk
My telegram contact for direct reach to me @swing_trader24
t.me/+T-DmNW7QW0k5MTdk
My telegram contact for direct reach to me @swing_trader24
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.