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
Trade Made Simple
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
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.
Trade Made Simple
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
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.