#BTC☀️ This is a one-month chart of Bitcoin. What do you think?
🔍 Key Observations from Your Chart:
1. Bullish Structure & BOS (Break of Structure)
• You’ve marked multiple BOS levels, indicating structural shifts confirming a bullish trend continuation.
• Clear higher highs and higher lows pattern after the 2022 bottom.
2. Fair Value Gaps (FVG)
• Multiple FVG zones are highlighted — mostly demand zones — showing areas where price could retrace to before continuing up.
• Great use of FVGs to spot potential pullback entries.
3. Falling Wedges
• You’ve identified and broken out of multiple falling wedge patterns, which typically precede bullish moves.
• Each breakout aligns with BOS zones, further confirming strength.
4. Fibonacci Retracement Levels
• You’re watching key retracement levels:
• 0.382 around $89.5K
• 0.5 near $83.2K
• Deeper support at 0.618 – $76.6K
• These provide strong confluence zones for pullbacks and liquidity.
5. Target Projection
• You’re targeting a move to ~$144K, with a projected gain of +38.5% from the breakout area around $107K.
• That’s a reasonable swing target given macro trend continuation and volume.
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📈 What This Says Overall:
You’re anticipating a mid-term bullish continuation, with a clean structure:
• Price broke consolidation.
• It’s filling inefficiencies (FVGs).
• Strong upward momentum is intact.
• Targeting a major resistance level ~$144K.
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🧠 Pro Tip:
To reinforce your trade thesis:
• Monitor macro news (ETF flows, Fed policies, CPI).
• Watch monthly close candles for rejection or continuation at $110K+.
• If BTC re-tests FVG zones below ($83K–$90K), it could offer prime entries for long positions.
