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The two charts highlight Bitcoin’s resilience around a critical demand zone, and the price action is painting a bullish setup for continuation.
In the second chart (Sept 23), $BTC was approaching the ascending trendline support and order block (OB) around the $108K–$110K region. This level has acted as a high-probability demand zone, aligning with the broader market structure. Price was expected to sweep liquidity, tap into that OB, and then bounce higher.
Fast forward to the first chart (Sept 30), BTC respected the setup almost to the letter. Price tapped into the OB, wicked below briefly to clear liquidity, and bounced sharply. This reaction confirms buyers are active, reclaiming the bullish structure. The break of structure (BOS) and earlier change of character (CHOCH) remain valid, showing trend strength.
Currently, BTC is trading above $114K, having held the ascending trendline. The likely short-term play is a retracement toward $112K–$113K (retest of structure + trendline), followed by a continuation push toward $118K–$120K. A clean break above $116K opens the path for bulls to attack the $120K liquidity pool.
As long as BTC holds above $111K and the trendline support, the bullish trajectory remains intact. If broken, the $108K OB will be the final line of defense before momentum weakens.
This is textbook smart money price action: liquidity grab, order block respect, and continuation structure. Buyers have the upper hand, and the market is showing strength toward $120K next.