๐ง Full Technical Breakdown for TradingView & Minds
๐ Date: June 9, 2025 | Asset: Bitcoin (BTC/USD) | Chart: 2H Timeframe
Bitcoin is currently staging a strong breakout rally after consolidating within a bullish structure. This move appears to be fueled by smart money accumulation and could lead us directly into a high-probability reversal zone just below 109K.
Letโs dive into the full structure and what traders should look out for next.
๐ 1. Previous Market Behavior (Left Side of Chart):
Before the breakout, BTC had been trading inside a bearish channel, experiencing sharp rejections and forming lower highs. This downtrend climaxed at the Previous Reversal Zone, where strong buyer interest kicked in โ this is a textbook example of a liquidity grab followed by buyer absorption.
๐ 2. The Reversal & Blue Ray:
From the Previous Reversal Zone, BTC formed a solid impulsive move upward โ this is where the Blue Ray trendline was drawn. This level acted as the initial support for the new bullish structure.
The move from this point formed a new trend, indicating that buyers had successfully reclaimed short-term control of the market.
๐ฉ 3. Central Zone โ Bullish Reaccumulation Area:
As BTC progressed, it entered a green bullish channel, which weโve labeled the Central Zone. This zone shows consolidation within a rising wedge, typically a continuation pattern if volume remains steady.
Notice how price respected both boundaries of the channel multiple times before exploding upwards. This is a sign of smart money reaccumulation, where institutions are quietly preparing for the next leg.
๐ 4. Breakout to the Upside:
BTC has now broken out cleanly from the Central Zone with an aggressive bullish candle, pushing price above 106,000. This breakout suggests a mid-move continuation, and current price action is heading straight for the Next Reversal Zone between 108,800โ109,200.
Also note the clean cross above the 50% Fibonacci zone, which further supports the bullish thesis.
๐น 5. Next Reversal Zone (Target Area):
This is the most critical zone on the chart. Price may:
Reject sharply from this area (short opportunity),
Consolidate before continuation,
Or sweep liquidity above it and reverse hard.
This zone could act as a smart money sell zone, where large players unload positions, especially if retail traders jump in late.
๐งฎ 6. Possible Scenarios Ahead:
Scenario A โ Bullish Continuation:
Price breaks 109K cleanly with volume.
Next target: 111Kโ112K (extension level).
Scenario B โ Rejection from Reversal Zone:
Price stalls near 109K.
Bearish engulfing candle forms.
Short opportunity back toward 106Kโ104K.
Scenario C โ Fakeout Above 109K:
Price sweeps highs (liquidity trap).
Fast reversal back into Central Zone.
๐ฏ Trade Setups:
๐จ Breakout Buy (Already Triggered):
Entry: 105,500โ106,000
Target 1: 107,500
Target 2: 108,800
SL: 104,800
๐ Reversal Short (Pending):
Entry: 108,900โ109,100 (with confirmation)
Target: 106,000
SL: 109,600
โ ๏ธ Fundamental Awareness:
Multiple U.S. economic events this week (see calendar icons below the chart).
Increased volatility expected โ use smaller positions or wider stops near data release times.
๐ Final Thoughts:
This is a classic example of smart money behavior โ liquidity grab, controlled reaccumulation, then a breakout toward a magnet zone (reversal supply). If you're already in the move, manage your positions. If not, wait for price action confirmation near the key zone.