On the 15m chart, BTCUSD appears to be trading inside a descending (or parallel) price channel and is currently retesting the lower boundary of that channel.
Technical View:
๐ Structure: Price respecting a well-defined channel
๐ Current move: Pullback / retest toward channel support
๐งฑ Lower bound: Acts as a short-term support zone
๐ Bias:
If the lower channel holds โ potential short-term bounce toward mid or upper channel
If price breaks and closes below the channel โ continuation to downside likely
What to watch next:
15m candle close near the lower boundary
Volume reaction at support
Confirmation via RSI / momentum divergence (if used)
This is a key reaction zone, so volatility can increase here. Best to wait for confirmation rather than anticipating the move.
If you want, I can:
Write this as a Binance Square post
Add entry/SL/TP scenarios (educational)
Create a caption + hashtags
Or generate a chart image idea for posting
