$BTC is currently trading inside a well-defined ascending channel,showing short term bullish structure after a strong recovery from the $71,000 support zone. Price has successfully broken above multiple resistance levels and is now consolidation near a key resistance area around $74,800-$75,000.

The highlighted zone act as major decision level for bulls.a strong breakout and sustained hold above this region could push price towards the next higher resistance near $78,000 this would coniform continuation of the bullish trend within the channel.

However,if price fails to break this resistance,we may see rejection followed by a pullback immediately support lies around $73,800-$74,000 and a break down below this area could lead to a deeper correction towards $72,500 and possibly 71,000