Technical Overview:
Price respected the ascending channel support and printed a strong reaction.
A marked support zone (65,400–65,600) aligns with the channel base.
Current consolidation suggests accumulation before continuation.
Higher lows structure remains intact.
🎯 Trade Structure:
Entry: Around 65,850
Stop Loss: Below 65,500 (under support zone)
Target: 67,280–67,400 (channel resistance)
Potential upside: ~1.3% move (~850+ points)
📌 Outlook:
As long as BTC holds above the 65.5K support region, bullish continuation toward the upper channel boundary remains favored. A breakdown below support would invalidate the setup and shift momentum bearish.
Price respected the ascending channel support and printed a strong reaction.
A marked support zone (65,400–65,600) aligns with the channel base.
Current consolidation suggests accumulation before continuation.
Higher lows structure remains intact.
🎯 Trade Structure:
Entry: Around 65,850
Stop Loss: Below 65,500 (under support zone)
Target: 67,280–67,400 (channel resistance)
Potential upside: ~1.3% move (~850+ points)
📌 Outlook:
As long as BTC holds above the 65.5K support region, bullish continuation toward the upper channel boundary remains favored. A breakdown below support would invalidate the setup and shift momentum bearish.
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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.
JOIN MY TELEGRAM CHANNEL LINK t.me/mindgolde JOIN MY TELEGRAM CHANNEL LINK t.me/mindgolde
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.