The price perfectly fulfilled my last idea. 
BTCUSDT continues to trade within a strong upward channel, supported by consecutive higher highs and an ascending trendline. After breaking above the range near $108,200, price briefly peaked above $110,000 before pulling back to retest the mid-support zone. Current action shows a rebound from the upward trendline, suggesting buyers are preparing for another leg up toward $110,500 and possibly the $112,000 resistance zone.
📈 Key Levels
💡 Risks
BTCUSDT continues to trade within a strong upward channel, supported by consecutive higher highs and an ascending trendline. After breaking above the range near $108,200, price briefly peaked above $110,000 before pulling back to retest the mid-support zone. Current action shows a rebound from the upward trendline, suggesting buyers are preparing for another leg up toward $110,500 and possibly the $112,000 resistance zone.📈 Key Levels
- Buy zone: around 108,000 or below
- Sell trigger: break below 107,000 with close under channel
- Target: 110,500 – midpoint resistance, followed by 112,000
- Buy trigger: bounce from trendline and reclaim of 109,000
💡 Risks
- Weak rebound could signal range re-entry and stall upside
- Break below the trendline may shift bias to 105,000
- Multiple rejections near 110,000 could indicate topping pressure
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
Trade closed: target reached
BTC touched my Goal! +2.5%
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🌎WebSite: lingrid.org
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.
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
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.