BTC/USD - Order Block Retest Sets $93K vs. $86K DecisionBitcoin / US DollarBINANCE:BTCUSDHamza_GoldKey Technical Observations • Order Block (OB) Identification: The red rectangular zone, approximately between $89,500 and $90,000, is labeled as an OB. This zone represents a price level where institutional orders were likely executed, making it a critical area of potential support or resistance when the price revisits it. • Current Price Action: The price is currently retesting the lower boundary of this OB, trading at approximately $89,320.31. • Dual Possibilities: The chart illustrates two potential paths forward, suggesting a high-volatility decision point at the current level. 📈 Scenario 1: Bullish Reversal (Uptrend Continuation) • Condition: The price successfully holds the Order Block (OB) area as support and shows a strong rejection of the lower prices. This would imply that the buy-side institutional orders at the OB were successfully 'filled' and are now pushing the price back up. • Entry Signal: A clear break and close of a 30-minute candle above the OB (e.g., above $90,000) or a bullish candle pattern forming right on the support. • Target: The move is projected to target the upper level at approximately $93,000. 📉 Scenario 2: Bearish Breakout (Downtrend Continuation) • Condition: The price breaks decisively below the Order Block (OB) area. This would indicate that the selling pressure has overwhelmed the buy orders in the OB, leading to a breakdown of a key structural level. • Entry Signal: A clear break and close of a 30-minute candle below the OB (e.g., below $89,500) and/or confirmation of the OB zone flipping to new resistance on a retest. • Target: The move is projected to target the lower level at approximately $86,000. 🔥 Trade Strategy Recommendation Traders should wait for confirmation of which scenario is playing out: 1. For a Long Position (Scenario 1): Wait for a strong bounce and candle close above the OB zone to confirm support is holding, with a stop-loss placed just below the low of the OB structure. 2. For a Short Position (Scenario 2): Wait for a clear 30-minute candle close below the OB zone to confirm the breakdown, with a stop-loss placed just above the high of the OB structure. Disclaimer: This is a technical analysis based on a single chart and does not constitute financial advice. Always perform your own research and manage your risk carefully.