$BTC is waking up again, and this structure finally looks clean.
Market read BTC broke out of the long term descending channel, and now it’s building an ascending base on the daily. The $80,000 to $83,000 demand zone did its job, that was the floor where buyers stepped in hard. Since then, we’ve got higher lows, and price is compressing right under the key wall at $95,500. This is the kind of pause that usually decides the next big leg.
Bullish continuation If BTC prints a daily close above $95,500, I’m reading that as confirmation. That would open the path toward $107,000, because the market would be accepting higher prices instead of rejecting them.
Bear risk If the rising structure fails, we could see a deeper pullback, but the whole bullish idea stays valid as long as price holds above $80,000 to $83,000.
I’m staying cautiously bullish here, this looks like a real trend shift, not just a random bounce.
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$BTC is waking up again, and this structure finally looks clean.
Market read
BTC broke out of the long term descending channel, and now it’s building an ascending base on the daily. The $80,000 to $83,000 demand zone did its job, that was the floor where buyers stepped in hard. Since then, we’ve got higher lows, and price is compressing right under the key wall at $95,500. This is the kind of pause that usually decides the next big leg.
Key levels
Demand zone: $80,000 to $83,000
Resistance trigger: $95,500
Bull targets: $107,000
Bullish continuation
If BTC prints a daily close above $95,500, I’m reading that as confirmation. That would open the path toward $107,000, because the market would be accepting higher prices instead of rejecting them.
Bear risk
If the rising structure fails, we could see a deeper pullback, but the whole bullish idea stays valid as long as price holds above $80,000 to $83,000.
I’m staying cautiously bullish here, this looks like a real trend shift, not just a random bounce.