📈 BTC/USDT TA 🔥
Throughout the week, Bitcoin showed a clear transition in market structure. The first half was dominated by a sequence of lower highs and lower lows (LH and LL), forming a distinct bearish structure.
However, the subsequent breakout above the last lower high with a new higher high around May 15 suggests a potential trend reversal. This move was accompanied by a notable increase in volume, adding strength to the breakout.
Looking ahead to the coming week, if the pattern of higher highs and higher lows holds, Bitcoin could make its way toward the resistance level at $105,600.
However, a break below $102,800 would invalidate this scenario, opening the door to a new corrective phase.