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BTCUSD H1: Rising Channel Working Strongly

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Bitcoin is moving within a fairly steep rising channel since the low around 62.500, and this structure has been holding up well through each pullback.

I'm favouring buys if price pulls back to the lower edge of the channel around 65.000–65.200, stop loss below 64.500, first target at 66.500 and a further target at 67.000 — right at the upper edge of the channel.

If price breaks below the channel and closes under 64.500, this bullish structure will be considered broken, and I'll stay on the sidelines waiting for a new signal.

This is just my personal take based on technical analysis. Wishing you successful trading.
Trade fechado: objetivo atingido

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