BTC surged 5.81% on Tuesday, marking its best single-day performance since May 8. As the market developed, a bullish engulfing pattern formed, indicating the first significant structural change on the daily chart since the fourth quarter. Traders are now assessing the likelihood of a continued rebound over the coming days.
Key Points:
BTC formed a bullish engulfing candlestick, achieving the strongest single-day gain since May, signaling early trend expansion.
A daily close above $96,000 is needed for full bullish confirmation.
Buyer trading volume surged to the highest level since this bull market began, while the Coinbase premium turned positive.
BTC's rebound on Tuesday established a clear higher high and higher low pattern after Monday's liquidity sweep below $84,000, suggesting that selling pressure is weakening. This breakout was accompanied by strong trading volume support, indicating that it is driven by genuine demand rather than mere stop-loss hunting.
Analysts note that high-volume breakouts often lead to clearer follow-up trends, as they reflect active participation from directional buyers rather than just passive market maker activity.
A bullish structure breakout (BOS) is forming above $92,300. Once the BOS is confirmed, it will clearly shift the short-term trend upward, even if BTC briefly revisits the fair value gap (FVG) between $90,000 and $88,000, it is expected to continue to rise slowly.
The daily chart still requires further confirmation, with the key being whether BTC can close above $96,000. This level is crucial as it represents a structural breakout on a higher time frame. Breaking above this level will confirm a complete trend structure change rather than just a temporary rebound.
Once BTC successfully holds above $96,000 on a daily closing basis, its immediate target area will expand to $102,000 - $107,000, where a significant amount of external liquidity is concentrated. This area includes previous swing highs, unabsorbed stop-loss areas, and liquidity from traders waiting for a breakout above prior resistance levels.
From a market structure perspective, these areas often act like magnets; once a decisive breakout clears the final obstacle— in this case, the $96,000 level.
CryptoQuant data shows that the market buy-sell ratio surged to 1.17, marking the strongest level since the beginning of this cycle in January 2023. Analysts point out that this aggressive buyer-dominated pattern typically appears in the early stages of an expansion phase, where structural capital flows are accelerating.
Meanwhile, after several weeks of selling pressure in the U.S. market, the Coinbase premium index turned positive at +0.03. Market experts believe that historically, positive premium readings often indicate a revival of institutional investor demand. Binance spot and perpetual contract trading volumes are also rising in tandem, and the price gap between Binance and Coinbase has noticeably narrowed, reflecting an improvement in global liquidity conditions.
Related: Bitcoin (BTC) adds $732 billion in capital this cycle, market structure shifts
This article does not constitute any investment advice or recommendation. All investment and trading activities carry risks, and readers should conduct their own research before making decisions.
Original: “Bitcoin (BTC) records strongest trading day since May, may break through $107,000 barrier”
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