Bitcoin Structure Still in Bullish MovementBitcoin / US DollarCOINBASE:BTCUSDNouzTraderStructurally, BTCUSD BTCUSD is currently within a Range/Major Consolidation corridor with a tendency for price recovery from the base. Liquidity Sweep & Rejection: The price briefly fell through the floor of the lower gray box, recording a local low (Lower Low) at 62,209.81. This decline was a liquidity grab (sweeping retail stop losses), which was immediately responded to by massive institutional buy executions, reflected in a long-bodied green impulsive candle (marubozu) returning to 63,464.58. Market Structure Shift (MSS): This aggressive rally retested the middle area of the consolidation range. ------------------------------------------------------------------------------------------------------- ✅ Key Zones: - Resistance/Supply Zone: Range 64,200-64,400 (nearest SBR Line) and range 65,200-65,400 (upper gray box/Major Supply). - Support/Demand Zone: Range 62,200 - 62,600 (Major Demand Floor, bottom gray box validated by liquidity sweep). ------------------------------------------------------------------------------------------------------- ✅ Orderflow/Volume Profile Analysis (VPVR) The Volume Distribution Histogram on the right side of the chart provides a highly precise mapping of liquidity: - Orderflow Support (High Volume Node): In the range of 62,800 - 63,000, there is a thick accumulation of volume histograms (HVN). The price's success in jumping and holding above this level indicates that buyers have taken control and transformed this volume area into a foundation for resistance against a pullback. - Orderflow Resistance & Low Volume Node (LVN): Above the current price, specifically in the range of 63,600 - 64,000, volume appears thin (volume vacuum). If buyers are able to push the price through 63,600, the price is projected to accelerate rapidly through the LVN zone towards the next thick volume wall in the range of 64,400 - 64,800. ------------------------------------------------------------------------------------------------------- ✅ Elliott Wave Analysis Mapping the wave cycle movement on the chart: - Wave Structure: The impulsive decline from the 65,360 peak to the 62,209 low is calculated as the completion of the Wave A-B-C corrective cycle (or major Wave 4). - Current Status: The impulsive green surge from the 62,209 floor to 63,464 is identified as the formation of Wave 1 or micro Wave A of a new impulsive cycle. - Projection: The current rally is expected to complete its main push towards the upper resistance/HVN area (64,200 - 64,400), before experiencing a mild pullback (Wave 2/B) and preparing to launch an expansive Wave 3/C. ------------------------------------------------------------------------------------------------------- ✅ Determining Trading Bias Based on Timeframe - H1 Timeframe (Short Term): Strong Bullish — Driven by an impulsive reversal candle from the demand floor. - H4 Timeframe (Medium Term): Bullish (Rebound / Range Bound) — Moving upwards from the lower boundary of the main range towards the upper boundary. The main structural and tactical bias for BTCUSD is currently BULLISH. The next price movement is projected to CONTINUE UPWARDS, targeting the Support Become Resistance (SBR) area and the upper volume barrier in the 64,200-64,400 range.