$BTC — Breakout Retest in Progress
Bitcoin is reclaiming a key former supply zone, now acting as short-term support. The market has shifted from range compression into impulsive expansion, suggesting acceptance above this level.
Key takeaways:
• The red zone marks a previous distribution area, now being flipped into demand
• Strong impulsive leg up confirms buyers in control, not a weak squeeze
• Current pullback looks constructive, consistent with a breakout–retest structure
• As long as price holds above this zone, continuation toward higher highs remains favored
This is how trend extensions usually develop:
break → retest → expand.
Momentum remains with the bulls unless price loses this reclaimed level decisively.
$BTC — Breakout Retest in Progress
Bitcoin is reclaiming a key former supply zone, now acting as short-term support. The market has shifted from range compression into impulsive expansion, suggesting acceptance above this level.
Key takeaways:
• The red zone marks a previous distribution area, now being flipped into demand
• Strong impulsive leg up confirms buyers in control, not a weak squeeze
• Current pullback looks constructive, consistent with a breakout–retest structure
• As long as price holds above this zone, continuation toward higher highs remains favored
This is how trend extensions usually develop:
break → retest → expand.
Momentum remains with the bulls unless price loses this reclaimed level decisively.
