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Bitcoin Reversal Setup – Potential Upside Within the Channel

170
BTC/USD is currently trading within a descending channel on the 1H timeframe. The price has recently bounced from the lower trendline support, indicating a possible reversal.

Key Levels & Observations:
• Support Zone: ~ $78,000 (recent low & trendline support)
• Resistance Levels:
• $95,000 (major resistance level within the channel)
• $96,000 (potential breakout level)

Trading Idea:

A bullish move is anticipated if BTC holds above the lower trendline. A potential target is the mid-channel resistance ($93,000), with an extended move toward the upper boundary ($94,600). A break above this level could signal a broader trend reversal.

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