🔍 Technical Analysis $BTC
1. Price structure & trend:
After breaking the left descending triangle pattern, $BTC surged from the bottom area ~93,000 → reached a peak ~98,700 (currently).
The old resistance area ~97,000 has been clearly broken → confirming the uptrend.
2. Liquidity & volume area:
Using Volume Profile, it is clear that the POC (Point of Control) is located in the middle of the previous accumulation area.
The price just broke the resistance area + bounced back from the Value Area High → a strong bullish signal due to absorbing all sell orders.
3. Supply and demand area (order block):
The gray box on the chart is the old support area that has been broken, now it can act as new support.
📈 Futures Trading Signal $BTC (LONG):
Position: Prefer Long
Entry: Around the area 96,800 – 97,200
SL: Below 96,000 (below the new support area)
TP1: 99,500 (nearest peak)
TP2: 101,000 (expecting to break the psychological peak)
