Bitcoin has once again tapped the lower boundary of the descending channel, creating a clean liquidity sweep inside a major demand zone. This area has repeatedly triggered strong bullish reactions, and the current price action shows early signs of another potential rebound.
As long as BTC holds above the channel low, a corrective move toward 98K → 102K → 105K remains on the table.
However, the broader structure is still bearish until a confirmed breakout above the red trendline and the upper channel levels is achieved.
Key Levels:
• Support: Channel Low + Demand Zone
• Resistance: Red Trendline, 98K, 102K, 105K
• Bias: Short-Term Bullish Correction, Mid-Term Bearish Structure
📌 Clear invalidation occurs if price breaks down below the channel with a strong close.
As long as BTC holds above the channel low, a corrective move toward 98K → 102K → 105K remains on the table.
However, the broader structure is still bearish until a confirmed breakout above the red trendline and the upper channel levels is achieved.
Key Levels:
• Support: Channel Low + Demand Zone
• Resistance: Red Trendline, 98K, 102K, 105K
• Bias: Short-Term Bullish Correction, Mid-Term Bearish Structure
📌 Clear invalidation occurs if price breaks down below the channel with a strong close.
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.