$BTC Analysis:
$BTC completed a clean breakout from its descending parallel channel. Price tapped structural demand at $57,781.9 - $58,464.6 and is currently executing a retest of the channel upper boundary. A sustained 4H close above the retest initiates the measured move expansion.
Open Interest expanded to $6.20B alongside reset funding (+0.0057%), confirming spot accumulation is actively absorbing derivative selling pressure into demand.
🎯 Entry: $58,659.7 (Zone: $57,781.9 - $58,464.6)
🏆 Targets: TP1 $70,527.0 | TP2 $75,647.8 | TP3 $82,817.0 | TP4 HOLD
$BTC completed a clean breakout from its descending parallel channel. Price tapped structural demand at $57,781.9 - $58,464.6 and is currently executing a retest of the channel upper boundary. A sustained 4H close above the retest initiates the measured move expansion.
Open Interest expanded to $6.20B alongside reset funding (+0.0057%), confirming spot accumulation is actively absorbing derivative selling pressure into demand.
🎯 Entry: $58,659.7 (Zone: $57,781.9 - $58,464.6)
🏆 Targets: TP1 $70,527.0 | TP2 $75,647.8 | TP3 $82,817.0 | TP4 HOLD
