Price previously formed a strong bullish leg (green trendline impulse).
A correction followed, breaking short-term structure and forming a pullback.
Currently, BTC is trading inside a rising channel after bouncing from the 66,200–66,300 demand zone.
Compression is visible near mid-range resistance around 67,700–67,800.
Key Levels
Resistance Zone: 68,300 – 68,550
Marked supply area.
Previous swing high liquidity rests above.
Target projection aligns near 68,550.
Immediate Resistance: 67,750 – 67,900
Local range ceiling.
Needs clean breakout for bullish continuation.
Support / Entry Zone: 67,400 – 67,500
Current consolidation base.
Holding above keeps bullish structure intact.
Invalidation / Stop Zone: 67,000 – 67,200
Break below opens room toward 66,500 and possibly 66,200 again.
Momentum & Order Flow Insight
Swings show mixed strength (alternating positive and negative percentages).
Average swing slightly negative (-3.02%), indicating market still in recovery phase, not full bullish control yet.
Volume not aggressively expanding — breakout will require participation increase.
Bullish Scenario
If price:
Holds above 67,400
Breaks 67,900 with momentum
→ Expect continuation toward 68,300–68,550 target zone.
Liquidity sweep above 68,300 likely before any major rejection.
Bearish Scenario
If price:
Fails to break range high
Breaks below 67,200
→ Expect move back toward 66,500 and possibly retest of channel base near 66,200.
Overall Bias
Short-term bullish continuation setup, but still inside corrective structure.
Confirmation requires breakout above range highs.
If
A correction followed, breaking short-term structure and forming a pullback.
Currently, BTC is trading inside a rising channel after bouncing from the 66,200–66,300 demand zone.
Compression is visible near mid-range resistance around 67,700–67,800.
Key Levels
Resistance Zone: 68,300 – 68,550
Marked supply area.
Previous swing high liquidity rests above.
Target projection aligns near 68,550.
Immediate Resistance: 67,750 – 67,900
Local range ceiling.
Needs clean breakout for bullish continuation.
Support / Entry Zone: 67,400 – 67,500
Current consolidation base.
Holding above keeps bullish structure intact.
Invalidation / Stop Zone: 67,000 – 67,200
Break below opens room toward 66,500 and possibly 66,200 again.
Momentum & Order Flow Insight
Swings show mixed strength (alternating positive and negative percentages).
Average swing slightly negative (-3.02%), indicating market still in recovery phase, not full bullish control yet.
Volume not aggressively expanding — breakout will require participation increase.
Bullish Scenario
If price:
Holds above 67,400
Breaks 67,900 with momentum
→ Expect continuation toward 68,300–68,550 target zone.
Liquidity sweep above 68,300 likely before any major rejection.
Bearish Scenario
If price:
Fails to break range high
Breaks below 67,200
→ Expect move back toward 66,500 and possibly retest of channel base near 66,200.
Overall Bias
Short-term bullish continuation setup, but still inside corrective structure.
Confirmation requires breakout above range highs.
If
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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.