$BTC Weekly Chart Analysis โ Smart Money + ICT View
#bitcoin is showing a strong bullish trend on the weekly timeframe. Here's what weโre seeing:
๐ฐ Break of Structure (BOS): BTC broke above the $105K resistance zone โ thatโs now confirmed as support. This is a bullish sign.
๐ฐ Order Block (OB): Price bounced perfectly from the old resistance zone, which is now a bullish OB. Smart Money often uses this area for entries.
๐ฐ Fair Value Gaps (FVG):
๐ธ Upper FVG ($98Kโ$105K): Already tested and supported price.
๐ธ Lower FVG ($84Kโ$91K): Still unfilled. If BTC pulls back hard, this area could act as a strong demand zone.
๐ฐ Trendline Support: A long-term trendline from 2022 is still holding. It matches with the lower FVG zone โ giving confluence for possible deep pullback entries.
๐ฐ Liquidity Grab: BTC just took out the highs above $111K. This could lead to a small retracement before the next leg up.
๐ฐ BTC is currently testing a key Bearish Order Block around the $99550โ$109588 zone.
If the price closes strongly above $109600K, this OB will be mitigated or invalidated, leading to fresh price discovery.
Until then, this zone could act as a resistance โ traders should watch closely for a breakout or potential rejection on the weekly close.
3 days remain until the weekly candle closes โ a key moment to confirm breakout or rejection from this critical resistance zone.
๐ฐ Bullish Target Zones:
Immediate: $120K
Mid-term: $135K
As long as BTC stays above $105K, we expect bullish continuation.
๐ฐ Watchlist Zones:
$105K โ support (ideal re-entry)
$84Kโ$91K โ deep FVG + trendline confluence (safe long if tested)
Keep your chart clean. Follow the structure. Let the market come to you.
