BTCUSDT is trading around 80,920 USDT after breaking out of a descending channel for the second time in recent price action. Notably, the price is holding firm above the EMA34 (approx. 79,440) and EMA89 (approx. 78,430), and the post-breakout upward momentum remains intact.
From a technical perspective, if BTC maintains the 79,500–80,000 zone and establishes a "higher low," I lean towards a scenario where the price retests 82,300 before extending to the primary target zone around 84,600 USDT. The fact that the current breakout structure closely resembles the previous rally is also a signal worth monitoring.
Macro factors are supportive. Asian stock markets are rising, driven by the technology sector, while oil prices have dipped slightly to around $103 per barrel, helping to stabilize risk sentiment.
The bullish scenario would weaken if BTC loses the 79,440 level, and particularly if it drops below 78,400.
