BTC/USD Daily

BTC/USD Daily Chart Analysis

The chart displays a classic price structure that confirms a trend reversal followed by a sharp correction into a key OTE zone. This setup offers a compelling opportunity for bullish trading ideas based on a potential continuation of the uptrend. Here's the detailed analysis:


Technical Context:

Change of Character (ChoCh):
A clear ChoCh is visible, marking a shift in control from sellers to buyers.
The breakout of a previous significant high validates this reversal.

OTE Zone and Reaction:
After an upward move, the price corrected sharply into the Optimal Trade Entry (OTE) zone, aligning with higher timeframe support.
A strong inefficient candle with a lower wick swept liquidity before closing above the OTE zone, indicating a possible bottom for the correction.

Fair Value Gap on 4H:
A Fair Value Gap just above the OTE zone serves as a liquidity target, aligning with potential upside momentum.

Bullish Structure Emerging:
The development of higher lows would confirm the continuation of the bullish trend.
Liquidity pools around $108,000 and $110,000 stand as probable targets.

Fundamental Context:

Broader market conditions and BTC's recent strength support a bullish outlook.
Holding above the $100,000 psychological level adds confidence for further upside momentum.

Conclusion:

BTC displays a clear reversal structure with a controlled correction into the OTE zone. The sharp reaction within this area, combined with the ChoCh, indicates that the bottom of this correction might be in place. A buying strategy targeting $110,000 seems promising, provided proper risk management is maintained.