Bitcoin has successfully broken out of a descending channel after a period of consolidation and correction. Following a strong uptrend earlier this week, price entered a tight range (highlighted in purple), before breaking below the trendline and moving into a falling channel.
Now, we've seen a bullish breakout from that channel—suggesting momentum is shifting back in favor of the bulls.
Key Observations:
Initial consolidation near the highs acted as a base.
Price broke below the rising trendline and entered a corrective phase.
A clean breakout from the descending channel signals renewed bullish strength.
Price is currently retesting the breakout zone, potentially setting up for the next leg higher.
Target Zone:
If this bullish momentum holds, the next target sits around 112,600 USDT. This would align with the height of the previous upward impulse.
Risk Zone:
A return below the 109,700 USDT support zone could invalidate this setup and suggest a deeper pullback toward 108,000 USDT.
Outlook:
This chart presents a classic breakout-retest-continuation scenario. As long as BTC remains above the breakout level, the bullish case remains intact. Ideal for traders watching for trend continuation after a flag pattern.
Always apply appropriate risk management and stay updated on price action.
Now, we've seen a bullish breakout from that channel—suggesting momentum is shifting back in favor of the bulls.
Key Observations:
Initial consolidation near the highs acted as a base.
Price broke below the rising trendline and entered a corrective phase.
A clean breakout from the descending channel signals renewed bullish strength.
Price is currently retesting the breakout zone, potentially setting up for the next leg higher.
Target Zone:
If this bullish momentum holds, the next target sits around 112,600 USDT. This would align with the height of the previous upward impulse.
Risk Zone:
A return below the 109,700 USDT support zone could invalidate this setup and suggest a deeper pullback toward 108,000 USDT.
Outlook:
This chart presents a classic breakout-retest-continuation scenario. As long as BTC remains above the breakout level, the bullish case remains intact. Ideal for traders watching for trend continuation after a flag pattern.
Always apply appropriate risk management and stay updated on price action.
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。