BTCUSD Technical Analysis – Break of Structure + Support

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BTCUSD Technical Analysis – Break of Structure + Support/Resistance Strategy

🔍 Market Structure Insight
The chart clearly shows multiple Breaks of Structure (BOS) throughout the uptrend, indicating strong bullish momentum. Each BOS confirms a higher high formation and continued market strength.

📌 Key Zones
Resistance Zone: Price recently tested this level and faced rejection, indicating potential short-term selling pressure.

Support Zone: Price is currently retesting this level after a correction, showing signs of a possible bounce. It aligns well with the EMA support cluster (20–200 EMAs).

🔄 Current Price Action
After a significant impulse move to the upside, BTC is now in a corrective phase. However, the support zone is holding, and there's potential for a new bullish wave if price sustains above $115,000.

📈 Bullish Scenario
Price holds above support

EMA cluster continues to act as dynamic support

Break above $118,000 resistance could trigger the next rally toward $122,000+

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✅ BTC Half Target Achieved!
Price reacted perfectly from our key zone — setup remains active and on track.
Monitoring for full target