While impulsive sellers test local support, this 1-day chart on $BTC is setting up a classic multi-month channel retest before initiating a massive continuation leg toward higher highs.
After consolidating within a broad macro range, price has retraced toward the mid-channel support zone between $72,100 and $80,400 .
The projected path shows price sweeping local liquidity within this lower support box before carving out a strong structural base and expanding aggressively upward toward target zones near $90,000 and beyond.
Holding above the macro support level keeps the bullish continuation structure intact, targeting a breakout rally toward the upper channel boundary. A decisive daily close below support invalidates the bullish recovery thesis and signals deeper range consolidation.
Don't panic sell local channel retests—wait for structural volume confirmation to catch the next macro expansion.
#BTC #Bitcoin
After consolidating within a broad macro range, price has retraced toward the mid-channel support zone between $72,100 and $80,400 .
The projected path shows price sweeping local liquidity within this lower support box before carving out a strong structural base and expanding aggressively upward toward target zones near $90,000 and beyond.
Holding above the macro support level keeps the bullish continuation structure intact, targeting a breakout rally toward the upper channel boundary. A decisive daily close below support invalidates the bullish recovery thesis and signals deeper range consolidation.
Don't panic sell local channel retests—wait for structural volume confirmation to catch the next macro expansion.
#BTC #Bitcoin