š BTC/USD Intraday Analysis (15M)
Market Structure:
Price is showing a clear recovery from demand zone (~69,600ā70,000) with strong bullish reaction.
A rounded bottom / accumulation structure is visible ā indicates buyer strength building.
Price has now pushed back into the previous supply zone (~70,900ā71,100).
š Key Zones
š¦ Demand Zone:
69,600 ā 70,000
Strong rejection + multiple touches ā confirmed institutional interest
š„ Supply Zone:
70,900 ā 71,100
Price is currently testing this zone again
š Bullish Scenario (Primary Bias)
If price breaks and holds above 71,100, expect continuation
Next targets:
71,400
72,000 ā 72,300 (major target area)
ā Momentum + structure favors upside
ā Higher lows forming ā bullish continuation pattern
ā ļø Bearish Scenario (Alternative)
Rejection from supply zone could lead to:
Pullback to 70,400
Deeper retest of demand zone (69,800)
ā A break below demand invalidates bullish structure
š§ Trade Idea
Buy Setup:
Entry: Break & retest above 71,100
SL: Below 70,500
TP:
TP1: 71,400
TP2: 72,000+
OR
Dip Buy:
Entry near 70,400 ā 70,200
SL below 69,800
š Summary
Market is bullish after demand reaction
Currently at decision zone (supply)
Breakout = strong continuation toward 72K
Rejection = short-term pullback, not trend reversal