Bitcoin / TetherUS
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BTCUSDT: Ascending Channel Confronts Supply Zone

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Hi!

Pattern: Price is moving inside an ascending channel and has completed a three-drives pattern.

Zone: The market is hitting a major Supply & Demand (S&D) zone at $65,600, showing signs of rejection.

Bias: Bearish. The focus is on short positions aiming for the lower channel support near $62,500, unless a clean breakout above resistance invalidates the move.


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