Bitcoin (BTC) is in a short-term bullish trend after breaking out above the EMA200 on the 2H chart. If the price holds above $85,000, it could continue to the resistance zone of $87,500 – $89,000.

1️⃣ Trend & Market Structure (SMC)

• Main Trend: Overall bearish, but the price shows signs of recovery.
• Break of Structure (BoS): The price has broken through the nearest resistance at ~$85,000.
• Demand Zone (Key Support): $83,000 – $84,000.
• Supply Zone (Next Resistance): $87,500 – $89,000.

2️⃣ Volume Profile (VPVR)

• POC (Point of Control): ~$83,202 (Strong support, previously tested multiple times).
• High Volume Node (HVN): $83,000 – $85,000 (Area with strong buying activity).
• Low Volume Node (LVN): $88,000 – $90,000 (Price may move quickly if it surpasses this zone).

3️⃣ EMA (Exponential Moving Average)

• EMA200: ~$84,963 – The price has recently broken above EMA200, indicating a bullish signal.
• EMA50: ~$83,713 – Important dynamic support; maintaining above this level may continue the uptrend.

🔹 If the price remains above EMA200, the uptrend could proceed towards $87,500 – $89,000.

🔹 If the price fails to hold EMA50, it may retest the POC at $83,200.

4️⃣ RSI & Momentum Signals

• RSI ~63: Not yet in the overbought zone, still room for further growth.
• Key Watch: If RSI exceeds 70, a slight pullback may occur before a continuation upward.

5️⃣ Chart Patterns

• After breaking EMA200, the price may form a Bullish Continuation pattern if it holds above $85,000.
• If the price is strongly rejected at $87,500 – $89,000, a Double Top pattern may emerge.

🎯 Trading Strategies

📉 Short Scenario (If the price faces strong rejection at $87,500 – $89,000)

Entry: $87,500 – $89,000 (Strong resistance near the LVN).

Stop Loss: $89,500.

Take Profit:

• TP1: $85,500.
• TP2: $84,000 (EMA200).
• TP3: $83,200 (POC).

Conditions: RSI above 70 (overbought). Strong rejection with decreasing volume.

📈 Long Scenario (Preferred if the price retests EMA200 and bounces back)

Entry: $84,800 – $85,200 (Retest EMA200).

Stop Loss: $83,500.

Take Profit:

• TP1: $86,500.
• TP2: $87,500.
• TP3: $89,000.

Conditions: Mild pullback while maintaining above EMA200. RSI remains in the 50-55 range. Buying volume increases after the pullback.

6️⃣ Conclusion & Next Steps

📊 Trend: Short-term bullish following the EMA200 breakout.

📉 Volume: Increasing volume supports the breakout.

🔄 Reversal Signals: None currently, but resistance around $87,500 – $89,000 may trigger selling pressure.

📍 Key Levels to Watch:

• Support Levels: $83,200 (POC) and $84,963 (EMA200).
• Resistance Levels: $87,500 – $89,000.

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