$BTC — Pullback Into Support, Structure Still Intact
Bitcoin has retraced into its ascending support after getting rejected near recent highs. The downside move shows characteristics of a pause and reset, not aggressive distribution. Selling pressure has eased as price reached the trendline, hinting that bears are losing control in this zone — an area where buyers have previously stepped in to protect structure.
If BTC can stabilize here and print a higher low, it sets the stage for a move back toward the upper range, with continuation potential into key psychological levels.
Trade Idea (Conditional Long):
• Entry Zone: 88,000 – 89,200 (confirmation via support hold or reclaim)
• Stop Loss: 84,900
• Target 1: 92,500
• Target 2: 96,000
• Target 3: 100,000+
A clean break below rising support would likely extend consolidation and postpone bullish continuation. While the trendline remains defended, this pullback favors consolidation over trend reversal. 📈$BTC
