Your chart shows Bitcoin trading inside a rising (bullish) channel, but currently sitting near the lower half of that channel.
This gives us a few important signals:
✅ 1. Price Is Holding the Lower Channel Trendline
BTC recently bounced from the lower blue trendline, which is a key bullish sign.
As long as price stays above this line: ➡️ Uptrend remains valid ➡️ Buyers are still defending dips
🔍 2. Current Position: Mid-Channel Rejection Risk
Price is hovering around the middle of the channel (~87,300–87,500). This area often acts as temporary resistance.
If BTC breaks above this midline with momentum: ➡️ Next target becomes 88,200 → 88,800 → 89,500 (upper channel)
But if it gets rejected: ➡️ BTC may retest 86,800 → 86,500, the lower channel again.
📉 3. Volume Looks Weak on the Bounce
The bounce from the bottom trendline had low volume, meaning: • Buyers are present, but not very strong yet • BTC could remain choppy until strong buying comes in
📉 Bearish Scenario (40%) • BTC loses 87,000 support • Retests lower channel • Target: 86,800 → 86,500 If this breaks, short-term trend weakens.
🧭 Summary
BTC is still in an uptrend, but it’s at a decision point in the middle of the channel. A breakout above ~87,500 will push it higher. A rejection brings it back to ~86,500 support
$ is sitting at Mini Supply zone ..it can dump 📉 Entry: 2.75 – 2.83 Stop-loss: 2.89 Take-profits: TP1: 2.63 TP2: 2.54 TP3: 2.42 Remember it's high Risk Trade so manage risk accordingly. Click here to short 👇😁🤗