BTCUSD has moved toward the upper boundary of a rising channel after a strong bullish recovery from recent lows. Price is currently testing a key resistance zone around the channel top. A healthy pullback toward nearby support could help establish market structure before any further upside continuation. Traders may watch how price reacts around support and resistance levels for confirmation of the next directional move. This analysis is for educational purposes only.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.