hello guys!
Bitcoin has been riding nicely inside an ascending channel, and it just broke out of a clean bullish flag on the 4H chart (classic continuation setup).
The move looks strong, and the target for this flag breakout sits around the $114,000–$115,000 zone (gray area). There’s a chance BTC pushes straight into that target if momentum holds, but we should also be ready for a possible pullback to the channel’s lower trendline before the next leg up.
That lower boundary would be a spot to watch for bullish reactions if the market cools off short term.
What I see:
Scenarios:
Invalidation: A Break below the channel support would invalidate the bullish setup
Bitcoin has been riding nicely inside an ascending channel, and it just broke out of a clean bullish flag on the 4H chart (classic continuation setup).
The move looks strong, and the target for this flag breakout sits around the $114,000–$115,000 zone (gray area). There’s a chance BTC pushes straight into that target if momentum holds, but we should also be ready for a possible pullback to the channel’s lower trendline before the next leg up.
That lower boundary would be a spot to watch for bullish reactions if the market cools off short term.
What I see:
- Pattern: Bullish Flag within Ascending Channel
- Breakout Confirmed: Strong momentum after flag breakout
- Target Zone: $114,000–$115,000
Scenarios:
- Direct move to target
- Retest of channel support (~$106,000–$107,000) before continuation
Invalidation: A Break below the channel support would invalidate the bullish setup
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avatrade.com/trading-account?p=Webtrader&tag=220256
-----------------
🟢 Telegram channel: t.me/melikatrader94
🔴 Forex channel: t.me/melikatrader94GoldForex
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.