Looking at BTCUSDT daily chart, here’s a breakdown and prediction based on price action, market structure, and key levels:
Current Technical Context:
• Price: 103,093.19 USDT
• Recent Structure: A strong bullish break of structure (BOS) has occurred above the 96,000–100,000 resistance zone.
• Demand Zones: Clearly defined demand blocks around:
• 96,000–92,000 USDT
• 84,000–80,000 USDT
• 72,000–68,000 USDT
• Key Levels:
• ERL (Expected Range Low): Around 76,000
• Weak High: Near 108,000, acting as a liquidity magnet
Possible Scenarios:
Bullish Scenario (More Likely Short-Term):
• Price has broken above a key structure with bullish BOS, suggesting strong bullish momentum.
• The area around 96k was respected and price pushed through it—likely indicating institutional buying interest.
• A retest of the 96,000–92,000 demand zone could happen soon. If price finds support there, a further push toward the Weak High at 108,000 is probable.
• Above 108k, we could enter price discovery mode, opening the door to new highs.
Bearish Scenario (Correction Possibility):
• If price fails to hold above the 96k–92k zone on a retest, it might signal a false breakout or liquidity grab.
• In that case, we could expect a deeper retracement toward the 84k–80k demand zone.
• A drop below 80k would invalidate the current bullish structure and reintroduce the lower ERL near 76k as a potential target.
Prediction:
• Short-Term (Next Few Days): Likely a mild pullback into the 96k–92k zone, then a continuation up toward 108k.
• Mid-Term: If 108k breaks, we might see strong bullish continuation, potentially toward 112k–116k depending on volume and macro sentiment.
