$BTC LONG UPDATE 📈
On the 2H timeframe, Bitcoin is still trading inside a strong bullish trend structure. A solid bottom has now formed, and every attempt to create an equal low keeps failing.
That's a major warning sign for bears. Price continues to print higher lows and higher highs — the structure is clearly in favour of bulls.
As you can see on the chart, price was trapped inside a descending channel, compressing lower. But bulls stepped in and broke out of that channel with conviction. Every attempt to push price back down has failed.
If momentum stays strong, $BTC could push toward $78,500 and possibly $79,000 under favourable market conditions. That pink zone on the chart is my target area to close my long position.
For now, nothing has changed in my plan — still holding longs. 🟢