1️⃣ Market Structure
The blue zig-zag pattern indicates a corrective move after a strong impulse up.
Price dropped from the recent high near $74K and is now forming a potential higher low inside the channel.
The lower teal trendline is acting as dynamic support.
➡️ This suggests the overall structure remains bullish unless the channel breaks down.
📊 Key Levels
Current Price: ~ $67,185
Resistance / Targets:
🎯 $70,064 – First resistance (previous reaction zone)
🎯 $71,803 – Mid supply zone
🚀 $74,039 – Major target / previous high
These levels align with supply zones and prior liquidity areas.
🧭 Expected Scenario (Based on Your Projection)
Possible path shown on the chart:
Small bounce from channel support
Move toward $70K resistance
Pullback / consolidation
Break higher toward $71.8K
Final push to $74K liquidity zone
This forms a continuation pattern within the trend channel.
⚠️ Invalidation Level
The bullish setup weakens if:
Price breaks below the channel support
Especially a 4H close below ~65.5K–66K
That could trigger a deeper correction.
📈 What Makes This Setup Bullish
Ascending channel structure
Higher lows forming
Liquidity targets above price
Clear support reaction zone
✅ Simple Summary:
BTC is correcting inside a bullish channel, and if support holds, the market could rally toward $70K → $71.8K → $74K.
The blue zig-zag pattern indicates a corrective move after a strong impulse up.
Price dropped from the recent high near $74K and is now forming a potential higher low inside the channel.
The lower teal trendline is acting as dynamic support.
➡️ This suggests the overall structure remains bullish unless the channel breaks down.
📊 Key Levels
Current Price: ~ $67,185
Resistance / Targets:
🎯 $70,064 – First resistance (previous reaction zone)
🎯 $71,803 – Mid supply zone
🚀 $74,039 – Major target / previous high
These levels align with supply zones and prior liquidity areas.
🧭 Expected Scenario (Based on Your Projection)
Possible path shown on the chart:
Small bounce from channel support
Move toward $70K resistance
Pullback / consolidation
Break higher toward $71.8K
Final push to $74K liquidity zone
This forms a continuation pattern within the trend channel.
⚠️ Invalidation Level
The bullish setup weakens if:
Price breaks below the channel support
Especially a 4H close below ~65.5K–66K
That could trigger a deeper correction.
📈 What Makes This Setup Bullish
Ascending channel structure
Higher lows forming
Liquidity targets above price
Clear support reaction zone
✅ Simple Summary:
BTC is correcting inside a bullish channel, and if support holds, the market could rally toward $70K → $71.8K → $74K.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.