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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JOIN MY TELEGRAM CHANNEL LINK t.me/mindgolde JOIN MY TELEGRAM CHANNEL LINK t.me/mindgolde
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.