Timeframes: 1H (breakout retest) | 1D (macro continuation)
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Updated Context
BTC invalidated the LPSY scenario on 1H:
• Price broke above the golden pocket (0.618–0.66)
• Also cleared the symmetrical triangle range high
• Now retesting the breakout with declining volume = classic reaccumulation behavior
The earlier 1H structure mimicked distribution, but failed to follow through. There was no markdown — instead, price reclaimed the range.
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Daily Chart Support
• Second daily close above triangle apex
• RSI > 70 (currently ~70.3) → sustained bullish momentum
• Yesterday’s candle: long lower wick + above-average volume = demand stepping in
• Structure is building above $100K, which had been a major psychological barrier since Dec 2024
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$100K – The New Base
BTC has tested and reclaimed $100K multiple times (Dec, Jan, May).
Now it’s acting as a macro accumulation floor, not resistance.
The longer price holds above this zone, the higher the probability of explosive continuation.
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Next Levels to Watch
• Support (retest): 105.3–105.8K
• Validation: Strong 1H or daily close above 107.1K
• Targets: Upper BB (109.3K), then psychological round number → 110K
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Conclusion
The bearish 1H thesis is now invalid.
BTC is above the range, retesting it, with macro structure and momentum on its side.
This is how reaccumulations trap early shorts and fuel the next markup.
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Protect your Bitcoin investment with our realtime alerts and fully automate your trading. No more sleepless nights, black swans, rug pulls, whale pump & dumps or getting sidelined.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.