#BTCUSDT TA🔥
has broken out of the long-term descending channel and is now trading within a newly forming ascending structure on the daily timeframe, signaling a potential trend reversal. The green demand zone around $80,000–$83,000 acted as a strong base, from which price formed higher lows.
#BTC is currently consolidating below the key resistance near $95,500 a daily close above this level would strengthen bullish continuation toward $107,000. Failure to hold the rising structure could lead to a deeper pullback, but as long as price stays above the demand zone, the broader bias remains cautiously bullish.
BTCUSDT
Perp
74,717.8
-4.35%