Bitcoin (BTC/USD) 30-Min Chart – Bullish Continuation Setup AfteBitcoin / U.S. dollarBITSTAMP:BTCUSDDrForexPhd🔎 Market Overview The chart shows BTC/USD (Bitstamp, 30m timeframe) in a strong bullish recovery after a clear CHoCH (Change of Character) to the upside. After the breakdown and liquidity sweep near the 63.2k–63.5k area, price sharply reversed and began printing higher highs and higher lows inside a rising channel. 🧠 Key Technical Observations 1️⃣ Change of Character (CHoCH) Market shifted from bearish structure to bullish. The downside liquidity grab was followed by impulsive bullish displacement. This confirmed buyer strength entering the market. 2️⃣ Bullish Structure & Channel Clean ascending channel formation. Strong momentum candles pushing into the 67.5k–68k resistance zone. Pullbacks remain shallow → trend strength intact. 3️⃣ Current Pullback = Continuation Setup Price is retracing after tapping resistance near 68,000. The projected path suggests: Minor retracement Bullish continuation Retest of upper resistance before distribution 🎯 Trade Idea Breakdown (Based on Chart) Bias: Bullish continuation before potential larger pullback. Resistance / Supply Zone: 67,800 – 68,200 TP1 Area: ~66,000 (internal liquidity) Final Target (Marked “TARGET”): ~64,400 → This aligns with prior structure and liquidity pool below. The green box suggests a potential short setup if price confirms rejection from the resistance zone. 📊 What This Means Bullish Scenario: Hold above 66,800–67,000 Break and close above 68,200 Continuation toward new highs Bearish Scenario (Plotted Setup): Rejection from 68k resistance Breakdown below 66k structure Liquidity sweep toward 64.4k target 🧩 Smart Money Concepts in Play CHoCH confirmation Liquidity sweep Displacement move Supply zone reaction Internal liquidity target (TP1) External liquidity target (final) ⚠️ Risk Consideration Resistance is clearly defined. Market is extended after impulsive rally. If momentum fades, deeper retracement likely before next leg.