The 4-hour technical structure has turned decisively bullish following a Change of Character (Choch) in late February. Bitcoin is currently riding a wave of momentum that has cleared the $67,500 Balance zone and is now approaching the final resistance barrier of this cycle.
Technical Breakdown:
Support Validation: The $62,500 level remains the primary structural floor, having successfully trapped sellers before the current impulsive move.
The "Fill" Zone: Price is currently moving into a major Fair Value Gap (FVG) that extends up to the $75,000 range.
Institutional Ceiling: The primary target for this move is the Resistance at $75,681, which marks the top of the current supply block.
Recent Pivot: BTC has established a secondary support level near the $67,500 Balance line, which must hold to maintain the immediate bullish trajectory.
The "Fill and Drop" Strategy
The Anticipated Tap: We expect the current impulse to continue until Bitcoin wicks into the $75,681 Supply Zone.
The Rejection Thesis: Following your proven logic, once the $75,681 resistance is tapped and the FVG is filled, a "small rejection" is technically anticipated.
The Drop Target: A successful rejection at the premium highs would likely trigger a swift descent back toward the $62,500 Support to seek fresh discount liquidity.
Neutral / Invalidation Dashboard
Bullish Bias: Dominant while the price remains above the ascending trendline and the $67,500 pivot.
Key Confirmation: Watch for a "Market Structure Shift" (MSS) on the 1-hour chart if the price hits $75,681 to confirm the start of the "drop" phase.
Invalidation: A clean daily close above $76,000 would negate the rejection thesis, potentially turning the supply zone into a "Breaker Block" for a move toward $80,000.
Final Thought: Bitcoin is nearly finished with its "Fill" phase. We are closely monitoring the $75,681 level; a tap followed by a sharp rejection would confirm the high-probability slide back to the $62,500 discount floor.
Technical Breakdown:
Support Validation: The $62,500 level remains the primary structural floor, having successfully trapped sellers before the current impulsive move.
The "Fill" Zone: Price is currently moving into a major Fair Value Gap (FVG) that extends up to the $75,000 range.
Institutional Ceiling: The primary target for this move is the Resistance at $75,681, which marks the top of the current supply block.
Recent Pivot: BTC has established a secondary support level near the $67,500 Balance line, which must hold to maintain the immediate bullish trajectory.
The "Fill and Drop" Strategy
The Anticipated Tap: We expect the current impulse to continue until Bitcoin wicks into the $75,681 Supply Zone.
The Rejection Thesis: Following your proven logic, once the $75,681 resistance is tapped and the FVG is filled, a "small rejection" is technically anticipated.
The Drop Target: A successful rejection at the premium highs would likely trigger a swift descent back toward the $62,500 Support to seek fresh discount liquidity.
Neutral / Invalidation Dashboard
Bullish Bias: Dominant while the price remains above the ascending trendline and the $67,500 pivot.
Key Confirmation: Watch for a "Market Structure Shift" (MSS) on the 1-hour chart if the price hits $75,681 to confirm the start of the "drop" phase.
Invalidation: A clean daily close above $76,000 would negate the rejection thesis, potentially turning the supply zone into a "Breaker Block" for a move toward $80,000.
Final Thought: Bitcoin is nearly finished with its "Fill" phase. We are closely monitoring the $75,681 level; a tap followed by a sharp rejection would confirm the high-probability slide back to the $62,500 discount floor.
Trade closed: target reached
📊Trading isn’t gambling it’s about strategy discipline and smart risk management
Don’t blindly copy signals understand the logic behind them.⚡
🔗 Telegram Channel: t.me/Vaults_X_Traders
Don’t blindly copy signals understand the logic behind them.⚡
🔗 Telegram Channel: t.me/Vaults_X_Traders
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.
📊Trading isn’t gambling it’s about strategy discipline and smart risk management
Don’t blindly copy signals understand the logic behind them.⚡
🔗 Telegram Channel: t.me/Vaults_X_Traders
Don’t blindly copy signals understand the logic behind them.⚡
🔗 Telegram Channel: t.me/Vaults_X_Traders
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.