🚀$BTC /USDT Analysis – Is $120,000 Closer Than We Think🤔🔐👇🚀

🕰️ Timeframe: 1D

📍Price: $106,800

📊 Structure Type: Trend Continuation w/ Breakout Pressure

📌 🔍 Market Structure & Psychological Price Zones:

$BTC is currently forming a mid-term consolidation right under the critical macro-resistance of $110K–$115K. This is not a rejection—it’s compression. Bulls are deliberately absorbing supply to trap late sellers and force shorts to cover near a psychological barrier.

✅ Supporting Zone:

$98,800 to $103,000 — This has acted as both previous liquidity sweep and institutional re-entry level.

$BTC Price has wicked multiple times into this zone, yet buyers defended it — evidence of smart money accumulation.

✅ Resistance/Breakout Zone:

$110,000–$115,000 — Tested 3 times already.

Each retest shows weaker rejections, signaling that sellers are getting exhausted.

Above $115K, we enter a low-liquidity price vacuum — opening doors to $120K rapidly.

📊 Indicator Confluence:

🔸 EMA Cluster: 20/50/200 EMA all showing bullish slope.

🔸 RSI (53.36): Formed hidden bullish divergence earlier, still mid-range = fuel left for upward breakout

🔸 MACD: Histogram showing slight pause, but signal line above zero = trend intact

🔸 Volume Profile (VPVR unseen here): High demand near $100K base = strong foundation

🧠 Market is giving a false sense of weakness below $110K to keep retail from entering big before the breakout.

📈 Trade Plan (Bullish Setup):

🟩 Entry Zone: $103,000–$106,500 (Pullback Re-entry)

🎯 TP1: $110,000

🎯 TP2: $115,000

🎯 TP3: $120,000 (Fibonacci extension aligns here)

📉 SL: Below $98,000 (structure break)

⏳ Trade Duration: 5–15 days depending on volume trigger

🔥 📌 Institutions often rotate big capital at round numbers like $120K – hence likely to trigger FOMO

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