Bitcoin: My Bullish Scenario & Key Levels to Watch

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Bitcoin: My Bullish Scenario & Key Levels to WatchBitcoin / TetherUS PERPETUAL CONTRACTBINANCE:BTCUSDT.Pmrsignalll📊 Let’s take a detailed look at the #BTC chart. Based on the current market structure within this trading range, #Bitcoin is forming higher highs and higher lows, which suggests that the bulls currently have the advantage. 🟢 Bullish Scenario For the first scenario, I’ll be looking for long opportunities within this range. I’m expecting the price to potentially pull back into the $78,160–$76,800 demand zone. Once the price enters this area, we can look for confirmation before considering a long position. For example, setting a limit order at $78,160 with a stop loss at $76,090 would be a more aggressive/risky approach. Personally, I prefer waiting for confirmation rather than blindly entering with a limit order. For confirmation, you can monitor the 1H or 15M timeframe after price enters the demand zone. We want to see the market structure shift from bearish to bullish, along with signs that buyers are beginning to take control—or any other confirmation that fits your own trading strategy. Why wait for confirmation? 🤔 The reason I prefer confirmation is that price can sometimes sharply dump immediately after entering a zone. If you place a limit order without confirmation, you could enter the trade and get stopped out very quickly. Waiting for confirmation can help avoid some of these situations and potentially improve the quality of your entries and overall win rate. 🎯 Targets - TP1: $80,847 - TP2: $82,400 - If Bitcoin breaks above the top of the range, we can potentially look for higher targets. ❌ Invalidation: $76,093 If the price breaks below the invalidation level and this analysis becomes invalid, I’ll share a new scenario for #BTC.