📊 BTC/USDT Analysis
Since yesterday, Bitcoin (BTC) has not shown any significant movement and continues to consolidate within its bullish ascending channel. The market structure remains intact, and our previous analysis is still valid.
The key trigger level to watch is 117,583.51. A confirmed breakout above this resistance would provide a strong long entry signal, opening the path for continuation towards higher resistances and potentially activating broader bullish momentum.
Until this breakout occurs, BTC is expected to remain within the channel, with downside supported by the channel’s lower trendline.
📌 Key Levels to Watch
Resistance/Trigger: 117,583.51
Support: Channel lower trendline & 107,820.57
🔥 Trading Bias:
Remain patient inside the channel. Bullish confirmation comes with a breakout above 117,583.51, aligning with the broader uptrend.
Since yesterday, Bitcoin (BTC) has not shown any significant movement and continues to consolidate within its bullish ascending channel. The market structure remains intact, and our previous analysis is still valid.
The key trigger level to watch is 117,583.51. A confirmed breakout above this resistance would provide a strong long entry signal, opening the path for continuation towards higher resistances and potentially activating broader bullish momentum.
Until this breakout occurs, BTC is expected to remain within the channel, with downside supported by the channel’s lower trendline.
📌 Key Levels to Watch
Resistance/Trigger: 117,583.51
Support: Channel lower trendline & 107,820.57
🔥 Trading Bias:
Remain patient inside the channel. Bullish confirmation comes with a breakout above 117,583.51, aligning with the broader uptrend.
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.
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.