Bitcoin continues to respect its macro bullish trend (🟠), trading within a large ascending channel that has guided price action for over a year.
After breaking above the previous ATH 🟢, BTC entered a correction phase 🔻, retesting the green zone — a key structure now acting as support.
The bulls stepped back in, initiating a new impulse phase 🔵. Currently, BTC is consolidating within a small blue descending channel — forming a classic bullish flag 🏁 pattern.
⚠️ For the bulls to take over and trigger the next impulsive wave toward $140,000 🎯, we need to see a confirmed break above this small blue channel. This would signal trend continuation and open the door to the upper boundary of the macro channel.
✅ Key levels to watch:
- Support: ~$110,000 (green demand zone) 🟩
- Resistance: Top of the blue flag 🟦
- Target: $140,000 💰
A breakout from here could fuel the next major rally — stay sharp and follow the trend!
💬 What’s your bias here? Are you bullish or waiting for a deeper pullback?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
After breaking above the previous ATH 🟢, BTC entered a correction phase 🔻, retesting the green zone — a key structure now acting as support.
The bulls stepped back in, initiating a new impulse phase 🔵. Currently, BTC is consolidating within a small blue descending channel — forming a classic bullish flag 🏁 pattern.
⚠️ For the bulls to take over and trigger the next impulsive wave toward $140,000 🎯, we need to see a confirmed break above this small blue channel. This would signal trend continuation and open the door to the upper boundary of the macro channel.
✅ Key levels to watch:
- Support: ~$110,000 (green demand zone) 🟩
- Resistance: Top of the blue flag 🟦
- Target: $140,000 💰
A breakout from here could fuel the next major rally — stay sharp and follow the trend!
💬 What’s your bias here? Are you bullish or waiting for a deeper pullback?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
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theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
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Trusted CFD Broker
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Trusted Crypto Prop Firm
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📊I help you turn charts into a career
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.