Bitcoin has been in an upward trend since the beginning of 2023 until now (the blue channel) and is still in that trend, with a target of a new peak, God willing, between 150-160 in the coming months.

It has also been rising in the sub-channel (yellow), and after breaking the sub-channel (yellow) and confirming with a weekly close below the sub-channel, the main correction targets are the (lower edge) of the blue channel at the 90-93 areas. This is the best area to enter and strengthen if reached (marked in green).

The remaining blue areas are opportunities to strengthen and may be rebound areas, the most important of which is (101), which is the main target area to complete the double top pattern, as well as a major support area MA200 on the daily frame.

* Corrective rebounds upwards are an opportunity to reduce positions and reposition in the market over the coming weeks.