#BTCUnbound BTC/USDT - Ongoing Bullish Reversal Structure 🚀📈
$BTC
BTC
116,112.19
+1.79%
BTCUSDT
Perp
116,040.7
+1.82%
📊 Detailed Technical Analysis :
🔴 Support Zone (Demand Zone) :
The price recently rebounded from a well-defined demand zone around 113,999 – 113,418 USDT (highlighted in green). This level previously acted as a key support (purple ovals to the left), confirming buyer interest.
🔵 Reversal Pattern - Inverted Head and Shoulders 🧠📉📈 :
A clear Inverted Head and Shoulders pattern is visible, suggesting a potential bullish reversal.
Left Shoulder : Early trough
Head : Deeper trough marked by a red circle
Right Shoulder : Higher trough completing the pattern
🟢 Structure Breakout :
The price is attempting a breakout of the neckline above 115,000 USDT, a key confirmation level. A successful breakout here could trigger a bullish continuation.
🎯 Bullish Target Zones :
🧱 First Resistance Block :
118,785 USDT – Potential rejection zone but key for new momentum.
🏁 Final Target Zone :
120,962 USDT – Major resistance zone; aligns with previous supply and liquidity levels.
📉 Risk Zone / Invalid Structure :
If the price falls below 113,999 USDT, the bullish setup could be invalidated.
113,418 USDT is the last defense support.
🛠️ Trading Plan Summary :
Entry Zone : Breakout and retest of 115,000 USDT (confirmation needed)
Stop Loss : Below 113,999 USDT
Target 1 : 118,785 USDT
Target 2 : 120,962 USDT
✅ Conclusion :
The chart reflects a high-probability bullish reversal pattern supported by a strong technical structure and historical demand. Traders should monitor the breakout and retest for a potential entry with controlled risk. 📊🚀
#notcoin #BuiltonSolayer #IPOWave #BTCUnbound #CFTCCryptoSprint
