Bitcoin continues to maintain a bullish market structure on the 15-minute timeframe, printing higher highs and higher lows after multiple Breaks of Structure (BOS). Price is currently holding above a key demand zone, suggesting buyers remain in control.
📍 Entry Zone: 59,800 - 60,100 (Retracement into POI)
🛑 Stop Loss: 59,300 (Below Liquidity Sweep)
🎯 Take Profit 1: 61,500 🎯 Take Profit 2: 62,000 🎯 Take Profit 3: 62,300 ( Resistance Zone)
Trade Confluence:
✅ Bullish market structure ✅ Multiple BOS confirmations ✅ Demand zone holding as support ✅ Potential retest of POI before continuation ✅ Strong upside liquidity resting near resistance
Trade Plan: Wait for price to retrace into the POI and show bullish confirmation before entering. Avoid chasing the market if it moves directly into resistance without a pullback.
⚠️ Risk Management First: Never risk more than you can afford to lose. Always wait for confirmation before entry.
Sellers appear to be defending the higher timeframe resistance zone aggressively. A rejection from the current Order Block could trigger a move toward the recent lows and potentially sweep liquidity below 0.017069.
⚠️ Risk Management: Risk only what you can afford to lose and wait for confirmation before entering.