Breakout target hit; Day FVG at 103.2k closed â
đ $BTC Outlook:
On higher timeframes, $BTC is now approaching the double top zone. If the price holds above Januaryâs close (102,380) today, thereâs a strong chance of a retest of the 106.5Kâ109.5K range over the weekend or early next week.
đ Alternative scenario:
If we donât see an immediate move higher, the next likely outcome is consolidation between 100Kâ104K in the coming weeks. The broader direction remains uncertain in that case, but I donât expect any sharp drop below the 2024 close anytime soon.
đ Key support:
Order Block at 98K â this should provide solid support through JuneâJuly, even if the market enters a cooling-off phase.
đł CME Gaps:
âą No daily gaps â no strong bearish magnets on the chart.
âą 4H gaps (less reliable): 97,380 / 95,640 / 88,320 / 88,400 / 80,885.
#TradeOfTheWeek #BTCBackto100K #MostRecentTrade #btc
đ $BTC Outlook:
On higher timeframes, $BTC is now approaching the double top zone. If the price holds above Januaryâs close (102,380) today, thereâs a strong chance of a retest of the 106.5Kâ109.5K range over the weekend or early next week.
đ Alternative scenario:
If we donât see an immediate move higher, the next likely outcome is consolidation between 100Kâ104K in the coming weeks. The broader direction remains uncertain in that case, but I donât expect any sharp drop below the 2024 close anytime soon.
đ Key support:
Order Block at 98K â this should provide solid support through JuneâJuly, even if the market enters a cooling-off phase.
đł CME Gaps:
âą No daily gaps â no strong bearish magnets on the chart.
âą 4H gaps (less reliable): 97,380 / 95,640 / 88,320 / 88,400 / 80,885.
#TradeOfTheWeek #BTCBackto100K #MostRecentTrade #btc
