📊 $BTC
Market Update: Precision at the Channel Boundaries
Bitcoin has been respecting a clean parallel channel for the past month. For disciplined traders, this has provided a "textbook" environment: long opportunities at the channel support and short plays at the resistance.
📉 The Bearish Case: The "Break & Fail"
Watch the lower boundary closely. If we see a decisive break below the channel followed by a failed retest (where previous support turns into resistance), momentum will likely shift toward the downside.
Target: Keep an eye on the liquidity zones marked in the white box for potential accumulation. ⚠️
🚀 The Bullish Case: Internal Strength
As long as $BTC maintains its structure within the channel, the bias remains neutral-to-bullish. A successful hold here suggests we may push higher to sweep the upside liquidity before any major trend reversal.
Key Levels to Watch:
Channel Top: Major Resistance / Upside Liquidity
Channel Bottom: Critical Support
White Box: Primary Downside Liquidity Zone
Nabiha Noor ✍️
Providing daily insights for the community.
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