BTC just bounced cleanly off mid-channel support (~106.8K) within the descending structure.
Held above EMAs and reclaimed key short-term support.
If price holds above 107.2K → likely retest of 108.4K channel resistance.
Break and close above 108.5K = trendline breakout → 110K+ possible.
Break below 106.8K = failed bounce → 105.5K next demand.
Bias: Bullish while holding above 107.2K.
Held above EMAs and reclaimed key short-term support.
If price holds above 107.2K → likely retest of 108.4K channel resistance.
Break and close above 108.5K = trendline breakout → 110K+ possible.
Break below 106.8K = failed bounce → 105.5K next demand.
Bias: Bullish while holding above 107.2K.
A Haque
Founder | MyTradingJournal
📊 Financial Market Analyst | Trader | Educator
🐦 Twitter: @MyTradingJnl6th
📺 YouTube: @MyTradingJournal6th
Founder | MyTradingJournal
📊 Financial Market Analyst | Trader | Educator
🐦 Twitter: @MyTradingJnl6th
📺 YouTube: @MyTradingJournal6th
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.
A Haque
Founder | MyTradingJournal
📊 Financial Market Analyst | Trader | Educator
🐦 Twitter: @MyTradingJnl6th
📺 YouTube: @MyTradingJournal6th
Founder | MyTradingJournal
📊 Financial Market Analyst | Trader | Educator
🐦 Twitter: @MyTradingJnl6th
📺 YouTube: @MyTradingJournal6th
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.