BTC/USD – 70K Demand + BOS Confluence | Long SetupBitcoin / US DollarCOINBASE:BTCUSDjazzybejcekTimeframe: 1D / 4H Bias: Bullish Type: Swing Trade Structure Price has printed a clear Break of Structure (BOS) on the Daily, followed by confirmation on the 4H timeframe as well — both pointing toward a bullish shift after the extended corrective move from ATH. After the BOS, price has retraced back into a significant confluence area around $70,000, which I'm treating as a demand zone. Why 70K is the Key Level Psychological / mental support — round number with massive market memory 0.618 Fibonacci retracement of the previous impulse leg — textbook golden ratio entry Weekly & Monthly structure — price is compressing against long-term horizontal support Yearly Open (Y) sitting higher acts as a natural magnet for price The Play I expect price to dip into the demand zone around 70K to sweep the first pool of liquidity sitting below recent lows (stop hunts are standard before a real move). This would be the engineered liquidity grab before the reversal. After the sweep and absorption: Bounce off 70K demand / 0.618 Fib Rally into the next supply zone (local resistance overhead) Potential continuation toward the Yearly Open as the primary target The blue arrows on the chart illustrate this path. Invalidation A daily close below 70K demand zone with follow-through would invalidate the bullish thesis. Below that, next meaningful structure is significantly lower. Summary Entry zone~70,000 (demand / 0.618 Fib)First targetLocal supply overheadFinal targetYearly OpenInvalidationDaily close below demand zoneConfluenceBOS 1D + BOS 4H + 0.618 Fib + Psychological 70K Not financial advice. Trade your own plan.