🏄♂️
Yo fam, BTC’s still movin’ inside that rising channel — highs around ~125–126k, lows riding that channel floor. We just saw a nasty shove down that clipped the lower channel and popped back up, so right now price is sitting in that mid-channel zone.
What I’m seein’:
The big picture is still bullish (we’re in an up-sloping channel), but momentum’s wobblin’ — that last dump showed sellers still got teeth.
If BTC can hold above the channel floor and reclaim the midzone, bulls can breathe and we could retest the highs.
If price fails the channel support on a proper close, don’t be surprised to see another leg down toward the lower trendline (that’s where the real buyers usually hide).
Levels to watch (quick & dirty)
Upside / invalidation for bears: reclaim & hold above the recent highs (~125k area).
Key near support: the channel floor / current lower range (~105–110k area) — watch how price behaves there.
If that breaks: next structural support is much lower (purple long-term trend sits well below), so risk ramps up.
Game plan
No rush to size up big — wait for a clean structure (retest + rejection or a proper breakout).
If you wanna trade: lean small into retracements, or wait to see a solid retest of the channel floor for a higher-prob buy.
If you’re hunting shorts, only consider them if price rallies back into resistance and gives a clear bearish structure — otherwise respect the channel.
TL;DR
Bull market vibes overall, but momentum’s shaky after that shove. Sit tight, watch the channel floor, and only paddle in once the structure gives you a clean entry. Play safe, ride smart 🤙🌴
Yo fam, BTC’s still movin’ inside that rising channel — highs around ~125–126k, lows riding that channel floor. We just saw a nasty shove down that clipped the lower channel and popped back up, so right now price is sitting in that mid-channel zone.
What I’m seein’:
The big picture is still bullish (we’re in an up-sloping channel), but momentum’s wobblin’ — that last dump showed sellers still got teeth.
If BTC can hold above the channel floor and reclaim the midzone, bulls can breathe and we could retest the highs.
If price fails the channel support on a proper close, don’t be surprised to see another leg down toward the lower trendline (that’s where the real buyers usually hide).
Levels to watch (quick & dirty)
Upside / invalidation for bears: reclaim & hold above the recent highs (~125k area).
Key near support: the channel floor / current lower range (~105–110k area) — watch how price behaves there.
If that breaks: next structural support is much lower (purple long-term trend sits well below), so risk ramps up.
Game plan
No rush to size up big — wait for a clean structure (retest + rejection or a proper breakout).
If you wanna trade: lean small into retracements, or wait to see a solid retest of the channel floor for a higher-prob buy.
If you’re hunting shorts, only consider them if price rallies back into resistance and gives a clear bearish structure — otherwise respect the channel.
TL;DR
Bull market vibes overall, but momentum’s shaky after that shove. Sit tight, watch the channel floor, and only paddle in once the structure gives you a clean entry. Play safe, ride smart 🤙🌴
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.