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BTCUSD Bullish breakout with a possible retracement

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Key Observations:
Breakout from Consolidation:

BTC has successfully broken above a key resistance zone (~88K90K).
The breakout is supported by strong bullish momentum, indicated by a large green candle.

Fair Value Gap (FVG) Zones:

Multiple FVG zones (5m, 15m, 30m) are marked, which may act as potential support on a retracement.
BTC might retest these FVG areas (~89K91K) before continuing higher.
Order Block (OB) Retest Possibility:

A previous order block (OB) zone (~87K89K) is still relevant and may act as support if BTC retraces deeper. This would be a bullish retest, confirming support before the next move up.

Projected Path:

BTC may pull back into the FVG zones or OB before bouncing.
Once support is confirmed, BTC is likely to resume its uptrend towards 100K+.

Bullish Scenario:
If BTC stays above 89K, the trend remains bullish.
A breakout above 95K96K would confirm a move toward 100K+.

Bearish Invalidations:
If BTC breaks below 87K, it may test lower levels before resuming bullish momentum.
Losing 85K could delay the rally significantly.

Conclusion:
BTC is bullish, but a short-term retracement is expected.
The best entry would be a successful retest of the FVG or OB zones (~88K91K).
If confirmed, expect BTC to push towards new all-time highs with a target of 100K110K. 🚀

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