BTC/USD Still in Long-Term Bullish SentimentBitcoin / US DollarCOINBASE:BTCUSDNouzTraderThe daily structure shows a strong transition from a lower accumulation phase (in the 58,000–64,000 range) to a Strong Bullish Expansion. BTCUSD A vertical surge, characterized by a series of massive green candles, broke through the immediate resistance structure around 74,000 (a macro Break of Structure/BOS to the upside), establishing a new local high near 81,800. -------------------------------------------------------------------------------------------- ✅ Current Price Action: At a price of 78,712.97—after hitting the peak resistance area (~81,800)—the current daily candle is exhibiting a phase of mild consolidation or compression (bullish consolidation/flagging). The price is moving sideways above the horizontal line marking the previous structure at the 74,000 level. There are no signs of massive bearish rejection pressure, indicating that institutional buyers are maintaining their positions at these high price levels. ✅ Key Zones: - Resistance / Supply Zone: 81,800 – 82,814 range (upper gray box / peak of the Major Supply Zone). - Support / Demand Zone: 74,000 – 75,000 range (nearest macro Support-Turned-Resistance/SBR area) and 58,000 – 60,000 range (lowest Major Demand floor). -------------------------------------------------------------------------------------------- ✅ Orderflow / Volume Profile (VPVR) Analysis The Volume Profile histogram on the right side of the chart provides a highly precise map of macro liquidity: ⚡Primary Point of Control (POC) / High Volume Node (HVN): The heaviest volume concentration is visible at the lower level, specifically in the 63,500–64,500 range (indicated by the longest histogram protrusion). This represents the primary institutional accumulation area where the market consolidated large-scale buy orders prior to the rally. ⚡Low Volume Node (LVN) / High-Speed Expansion Zone: The price range between 66,000 and 76,000 exhibits extreme volume depletion (a volume vacuum). This explains the rapid price surge across this area. ⚡Upper Local High Volume Node (HVN): In the 77,500–79,500 range (the current price area), the volume histogram is beginning to build up again. The price successfully holding within this high-volume zone signals re-accumulation by institutional market participants, preparing for an upward breakout trigger. -------------------------------------------------------------------------------------------- ✅ Elliott Wave Analysis Mapping wave cycle movements on the Daily (1D) timeframe: - ⚡Wave Structure: The decline from the initial peak to the 58,000 floor is interpreted as the completion of a macro Wave 4 corrective cycle (or a full A-B-C wave sequence). - ⚡Current Status: The impulsive vertical surge from the 58,000 floor—breaking past 78,000—is identified as the start of a massive expansion phase for the primary Wave 5 (or a large-scale micro Wave 3). The current consolidation at the 78,712 level is interpreted as the formation of a shallow corrective sub-wave (a micro sub-wave 2 or 4 within the primary expansion). - ⚡Projection: Price action is projected to complete this local consolidation before launching an impulsive breakout surge past the 82,814 peak, targeting a new All-Time High.