Ascending Channel: Price remains within the broader bullish channel, indicating the overall trend is still upward.
Harmonic / ABCD Structure: A completed corrective pattern formed near support, signaling a possible reversal area.
Strong Support Zone: The 70,400 – 70,800 area is acting as a demand zone where buyers previously stepped in.
Supertrend Resistance: Price needs to break above the 72,100 – 72,200 region to confirm bullish momentum.
Trade Idea (Bullish Setup) 📈
Entry Zone: 70,800 – 70,900
Stop Loss: 70,400
Target: 72,450 – 72,500
Scenario Outlook
Bullish Scenario
If price holds above the 70,400 support, BTC could build momentum and push toward 72,400+, aligning with channel resistance and target level.
Bearish Scenario
A break below 70,400 would invalidate the bullish setup and could push price toward 69,800 – 69,300.
Summary
Bitcoin is showing signs of accumulation at support within a bullish channel. Holding the demand zone may trigger a 2% upside move toward 72.5K.
Suggested Title:
“BTCUSD Bullish Reversal from Support – 72.5K Target in Sight”
Harmonic / ABCD Structure: A completed corrective pattern formed near support, signaling a possible reversal area.
Strong Support Zone: The 70,400 – 70,800 area is acting as a demand zone where buyers previously stepped in.
Supertrend Resistance: Price needs to break above the 72,100 – 72,200 region to confirm bullish momentum.
Trade Idea (Bullish Setup) 📈
Entry Zone: 70,800 – 70,900
Stop Loss: 70,400
Target: 72,450 – 72,500
Scenario Outlook
Bullish Scenario
If price holds above the 70,400 support, BTC could build momentum and push toward 72,400+, aligning with channel resistance and target level.
Bearish Scenario
A break below 70,400 would invalidate the bullish setup and could push price toward 69,800 – 69,300.
Summary
Bitcoin is showing signs of accumulation at support within a bullish channel. Holding the demand zone may trigger a 2% upside move toward 72.5K.
Suggested Title:
“BTCUSD Bullish Reversal from Support – 72.5K Target in Sight”
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.