Bitcoin is currently trading within a well-defined ascending channel on the 1-hour chart. Price recently bounced off the lower boundary of the channel and is showing signs of bullish continuation.
Entry: Around 94,400
Stop Loss: 94,250
Take Profit: 95,642
The price action shows a clear upward channel with consistently higher highs and higher lows. After the recent pullback, BTC respected the lower trendline support and formed a potential base for a new bullish leg.
Risk is well-contained below recent structure
As long as BTC remains inside the channel, upside potential remains valid
This is a simple trend-following setup with tight risk and clear upside structure.
Entry: Around 94,400
Stop Loss: 94,250
Take Profit: 95,642
The price action shows a clear upward channel with consistently higher highs and higher lows. After the recent pullback, BTC respected the lower trendline support and formed a potential base for a new bullish leg.
Risk is well-contained below recent structure
As long as BTC remains inside the channel, upside potential remains valid
This is a simple trend-following setup with tight risk and clear upside structure.
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