Bitcoin Bullish Channel Breakout Targeting 70.5KBitcoin Bullish

1. Market Structure
Price previously experienced a strong bearish trend, falling from around 71,000 → 67,000.
After the drop, the market formed a base around 66,800–67,000, indicating strong support.
Price is now moving inside an ascending channel, forming higher lows, which is a bullish recovery pattern.
📈 2. Bullish Setup
Entry Zone: Around 67,100 – 67,200
Stop Loss: 66,792
Target Area: 70,400 – 70,530
This setup suggests a trend continuation trade, where price could climb toward the upper channel resistance.
🎯 Key Levels
Support: 66,800
Channel Support: 66,900 – 67,000
Resistance: 68,500 → 69,500
Main Target: 70,528
⚠️ Risk Scenario
If price breaks below 66,790, the bullish structure fails and BTC may fall toward 66,000 – 65,500.
📌 Summary
Bias: Bullish
Structure: Ascending channel
Trade idea: Buy the pullback
Target: ~70.5K