Bitcoin Analysis – Possible Scenarios

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Bitcoin Analysis – Possible ScenariosBitcoin / TetherUSBINANCE:BTCUSDTProfitaminFX🟠 Price is consolidating around 104,500, sitting right on the short-term ascending trendline. No clear breakout yet. πŸ”΄ Supply Zones: 1️⃣ OB 1H:πŸ“ 107,800 – 108,600πŸ“Œ Strong rejection zone that led to the current decline. 2️⃣ OB 4H:πŸ“ 106,100 – 107,500πŸ“Œ Key resistance zone – a valid break above may trigger bullish continuation. 3️⃣ Upper OB 1H:πŸ“ 110,700 – 111,400πŸ“Œ Higher resistance to watch in case of strong breakout. 🟒 Demand Zones: 1️⃣ FVG 1H:πŸ“ 103,900 – 104,300πŸ“Œ Price is nearing this imbalance zone – bullish reaction expected if support holds. 2️⃣ Lower FVG 1H:πŸ“ 99,900 – 100,700πŸ“Œ If current support fails, this is the next strong liquidity zone. πŸ“Š Possible Scenarios: 1️⃣ Bounce from current trendline & FVG β†’ move toward OB 4H (buy setup with confirmation) 2️⃣ Break below trendline β†’ deeper pullback into 100K zone 3️⃣ Breakout above OB 4H β†’ target next resistance at 108,600 and above ‼️ Wait for confirmation before jumping in – price action is at a decision point. πŸ” Insight by ProfitaminFX If this outlook aligns with your bias, or if you see it differently, feel free to share your perspective in the comments. Let’s grow together πŸ“ˆ