BTCUSD Long📈 Scenario Outlook:
Bias: Bullish
Preferred Play: Long setups are favorable as long as price holds above 116,600 demand.
BTC is expected to push through the intermediate supply zones and potentially attempt a full retracement toward the previous CHOCH high at 123,231.
📌 Key Zones ("Your Borders"):
🟢 Demand Zone (Support)
Zone: 116,600 – 117,600
This is a well-marked reaccumulation zone, aligned with previous demand and the CHOCH origin. Price respected this level multiple times, showing it as a valid base for long entries.
As long as BTC holds above this zone, the bullish thesis remains valid.
🔴 Supply Zones (Resistance Targets)
First Supply: 119,000 – 120,000
Aligned with the 50% retracement level (11964.22) from the previous high to low swing.
Expect short-term reaction here; however, this level may not hold if momentum continues building.
Upper Supply Zone: 121,500 – 123,200
This is the final major resistance before revisiting the previous high at 123,231.
A sweep or rejection from here could form a double top or distribution structure, depending on macro factors and volume.
