BTCUSDT Maintaining Bullish Momentum Inside Ascending Channel

Hello traders! Here’s my technical outlook based on the current BTCUSDT (1H) chart structure. Price previously moved inside a descending channel, where sellers controlled the market and formed lower highs and lower lows. After reaching the lower boundary, BTC reversed sharply and started a recovery phase. The market then broke above the 71,200 resistance, confirming bullish momentum and shifting the short-term structure upward. Currently, price is retesting the 71,200 level, which now acts as a buyer zone, while continuing to move inside an ascending channel. As long as BTC holds above 71,200 support, the bullish bias remains intact. A continuation from this area could push price toward the 73,000 resistance (TP1), which aligns with the seller zone and the upper boundary of the channel. If price falls back below 71,200, a deeper pullback may occur. Please share this idea with your friends and click Boost 🚀

Trade fermée: cible de profit atteinte

We can see that the analysis worked quite well. Buyers were able to push the price to our target where sellers had already intervened.

LegionQ8

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LegionQ8

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💰Want receive more profitable signals for Crypto & Forex market, write me PM 👉 bit.ly/4fNijD8

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