“Bitcoin 4H Bullish Continuation Setup — Liquidity Target at 98KBitcoin / U.S. dollarBITSTAMP:BTCUSDMoriss365Market Structure Bullish overall structure: Strong impulsive move up from the low ~90k area. CHoCH (Change of Character) on the left confirms a shift from bearish to bullish. Current price action is consolidating after impulse, which is typical before continuation. Key Concepts on the Chart 1. Fair Value Gaps (FVG) Lower FVG (~94k area) This has already been respected → good sign of bullish strength. Mid FVG inside the range Price is currently reacting within this imbalance, suggesting accumulation. 👉 As long as FVGs are respected, bias remains bullish. 2. Fibonacci Levels (Internal Retracement) From the impulsive leg: 0.618 ≈ 96,691 0.5 ≈ 96,290 0.0 ≈ 94,941 Price is consolidating between 0.5–0.618, which is a classic bullish continuation zone. 3. Support Levels Primary support: 94,353 Major invalidation / deeper support: 93,073 📌 If price holds above 94,353, bullish continuation is favored. 📌 A clean break and close below 93,073 would weaken this setup significantly. 4. Resistance & Target Range high / Liquidity: ~97,900 – 98,100 Marked TARGET POINT ≈ 98,117 This aligns with: Previous highs Liquidity resting above the range Measured move from consolidation Projected Scenario (Blue Path) Short-term chop / minor pullback within the range Hold above FVG + support Expansion move targeting 98k+ This is a textbook continuation model. Bias Summary Bias: Bullish 📈 Invalidation: 4H close below ~93k Target: 97.9k → 98.1k Key Area to Watch: 94.3k–95k reaction zone