🔍 Current Price: ~$114,359
🔻 Key Support: $111,704
🔼 Key Resistance: ~$118,800 → $120,000
📉 Recent Trend: Pullback after a breakout and retest of prior structure
📌 Structure Overview
1. Accumulation ➝ Expansion ➝ Manipulation ➝ Now in Distribution Zone?
* Accumulation: Took place between $96K–$105K (April to early July).
* Manipulation: Massive breakout above $111K key level → liquidity sweep towards ~$122K–$126K.
* Now: Pullback into previous demand zone.
🔍 MY OBSERVATION:
🟩 Break of Structure (BOS):
* BOS confirmed after price broke and closed above $111,700 (mid-July).
* This level is now acting as support and could act as the launchpad for next move.
⚠ Fair Value Gap (FVG):
* Notable imbalance (FVG) between ~$111,700 – $113,000.
* BTC is currently testing this zone → potential bullish reaction incoming.
🔄 Change of Character (CHOCH):
* Temporary CHOCH noted when BTC failed to make a higher high and rejected from $122K.
* But current price action is still holding above structure.
🟫 Order Block (OB):
* Previous OB sits just under current price (~$111,700).
* This is the line in the sand — if it breaks, expect further downside.
📉 Volume Analysis
* Volume has decreased during the pullback, indicating that sellers are weakening.
* If bullish volume steps in now, we could see a strong bounce.
🔮 What Could Happen Next?
🚀 Bullish Scenario:
* Bounce from FVG zone → retest and break of $118K–$120K
* Expansion toward $126K and beyond
* Could mark resumption of bull trend if volume spikes
🛑 Bearish Breakdown:
* Break below $111,700 with volume = invalidation
* Price may revisit $105K or even the $98K–$100K demand block
❇️This is a make-or-break zone for BTC.�✅If bulls hold $111.7K, expect a rally toward new highs.�❌If bears gain control, prepare for deeper correction.
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