Hey everyone! Quick update on BTC/USD – things are heating up. We’ve been on a strong bullish run for a while, but nothing goes up forever. Based on current price action, there’s a critical bearish Order Block (OB) above that could mark the next turning point. Here’s the breakdown:


Current Situation


  • BTC is riding a short-term pump, with the 15-minute chart showing a bullish OB driving the move. This was formed by two green candles following a red one, pushing BTC up to $117,406 and still climbing.


  • However, we’re approaching a bearish OB with a Break of Structure (BOS) in the $119,903–$120,324 zone. This is a key area where selling pressure could kick in.



    Technical Outlook


  • On the 1-hour chart, all prior imbalances are filled, so no major downside targets remain in the short term.


  • The broader market structure is still bearish, meaning we’re likely forming a lower high before a potential reversal.


  • If BTC rejects from the bearish OB, the next key support to watch is around $115K.


    What’s Next?


For now, BTC may continue to climb into the $120K zone before meeting significant resistance. Keep a close eye on price action around that level — a rejection could confirm the next leg down.


Stay safe out there, and trade wisely!