$BTC /USDT – 1D Chart Analysis
Price Action Update:
BTC is currently trading around $103,984, showing strength after a confirmed breakout from the downtrend. The previous resistance at $93,888 has flipped into a solid support zone, and bulls are clearly in control.
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Technical Analysis (TA):
BTC broke above the descending trendline and successfully retested the structure.
Volume surged during the breakout, confirming bullish participation.
RSI is nearing overbought (73.81), showing strong momentum but suggesting a pause or minor pullback could be healthy.
Next major resistance: $104,145, then $109,588
Support to watch: $93,888 and $85,298
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Smart Money Concept (SMC) View:
Break of Structure (BOS) is confirmed above $93.8K
Liquidity was swept from previous lows ($80K–85K zone) before the pump
Bullish Order Block (OB) sits at $93K–$95K — key area for pullback buys
Ideal entry on a retest of the OB or breakout of $104.1K
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Psychological Factors:
$100K was a major psychological resistance — now broken.
Traders may FOMO above $105K if candles close strongly.
$109K is a historical local high and strong magnet for price.
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Trade Plan:
Side: Long
Entry Options:
1. Break & close above $104,145
2. Pullback to $93,888 OB zone
Targets:
TP1: $109,000
TP2: $115,000
Stop Loss: Below $92,000 for safety
Risk/Reward: 2:1 or better
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Swing Market Context:
We’ve transitioned from a bearish structure to a bullish swing.
Higher highs and higher lows are forming, targeting $109K.
As long as BTC holds above $89K, the bullish swing remains intact.
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Signal Complexity:
This isn’t a basic breakout — it’s a clean mix of:
Smart money structure
Volume + RSI momentum
Liquidity sweep
Psychological resistance flip at $100K
It’s a strong, high-probability setup — trade smart, manage risk, and watch how p
rice behaves near $104K.
