Bitcoin (BTC) is showing signs of recovery within a descending channel, with the chart currently quoting around $78,000.

The key support zone lies between $68,736 and $70,921, where important Fibonacci retracement levels overlap. Holding this zone could be crucial for Bitcoin's next major move.

🚀 Bullish Scenario:

If BTC maintains its key support, reclaims $80,000, and breaks above the $83,000–$87,000 resistance zone, the next potential targets could be:

- T1: $96,000

- T2: $108,000

- T3: $110,000

⚠️ Bearish Scenario:

A monthly candle close below $68,700 could invalidate the recovery setup and expose lower support zones:

- $62,000–$65,000

- $58,000–$60,000

My View: Bitcoin is approaching a critical monthly decision zone. The next confirmed monthly close could provide a clearer direction for the market.

Stay patient, watch the key levels, and manage your risk.

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$BTC $BTC

Not financial advice. Trade at your own risk.