Elise | BTCUSD · 30M – Bullish Structure with Demand Retest

Jan 15

BTCUSD
After a strong bullish expansion, price is undergoing a healthy correction. This retracement appears corrective rather than distributive, with buyers expected to step in around the marked demand zone. As long as price holds above this region, bullish continuation remains the higher-probability outcome.

Key Scenarios
✅ Bullish Case 🚀
Holding above 95,300–95,800 could lead to:
🎯 Target 1: 97,500
🎯 Target 2: 98,800
🎯 Target 3: 99,800 – 100,000

❌ Bearish Case 📉
A strong breakdown and close below 95,300 would invalidate the bullish setup and shift bias toward deeper downside.

Current Levels to Watch
Resistance 🔴: 97,500 → 98,800 → 100,000
Support 🟢: 95,800 → 95,300

⚠️ Disclaimer: This analysis is for educational purposes only. It is not financial advice.

Jan 16

Trade active