BTC/USD Technical Analysis — Educational BreakdownBitcoin / U.S. dollarBITSTAMP:BTCUSDMentor_Michael03BTC/USD Technical Analysis — Educational Breakdown 🧠 Key Observations: 🔹 Market Structure: Break of Structure (BOS) Confirmations The chart highlights multiple BOS points, showing clear transitions in market structure – a strong indication of bullish momentum building up after prior consolidation and retracements. 🔹 Support Zone (Demand Area): 115,355 – 117,403 This area has acted as a liquidity pool where buyers previously stepped in, forming the base for new BOS formations. A retest of this level could offer a high-probability long entry. 🔹 Resistance Zone (Supply Area): 123,375 Region This marked level is a prior high and expected profit-taking or potential short-trigger zone. Price is likely to target this level if bullish momentum continues. ⸻ 📈 EMA Analysis (20/50/100/200) •Stacked Bullishly: EMAs are layered with the shorter-term EMAs (20/50) above the longer-term ones (100/200), suggesting trend continuation to the upside. •Price reclaiming above all EMAs signals momentum is shifting from accumulation to expansion. ⸻ 🔮 Potential Scenario: 1.Bullish Retest Play A pullback toward the demand/support zone (116k–117.4k) can present a high-RR entry. 2.Continuation Toward Resistance If price holds above the EMAs and structure, we could see a push toward 123,375, where profit booking may occur. ⸻ 📌 Market Sentiment Bias: Bullish •Structure: Bullish BOS •Momentum: Above all EMAs •Volume Profile: High acceptance near