Bitcoin – Calm Before the Storm? Here's What I'm Watching

12 Jun

BITCOIN – Calm Before the Storm? Here's What I'm Watching On the 2H chart we’ve got a compelling structure developing after a breakout from a long descending channel Let’s walk through the key elements and what might come next: Previous Range & Breakdown
Price consolidated within a tight range (late May) before breaking down and continuing the bearish structure inside the channel. A strong rejection around 103.7k marked a potential bottom, followed by a *clean reversal Breakout & Current Structure BTC broke out of the descending channel with conviction and formed another short-term range just below key resistance near 110.5k A Change of Character (CHoCH) is visible indicating a shift in momentum The current pullback is entering an important Fair Value Gap (FVG) zone around 106k–106.8k
What to Watch Next A possible bullish reaction from the FVG/trigger zone could set up the next leg up toward 110.5k resistance Support zones to watch: 105.4k (previous POI) 103.7k
(major support) A clean bounce and break above the mini-range could confirm *bullish continuation Game Plan I'm eyeing 106k–106.8k for a potential long setup looking for bullish confirmation e.g reclaim of structure or a strong reaction If price reclaims the range and breaks $108.4k the path toward 110k+ opens up This is a high-probability zone but always wait for confirmation. The market may consolidate a bit more before making a decisive move

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12 Jun

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