BTCUSD – CHANNEL RESPECT & BULLISH CONTINUATION SCENARIO

[mendez]

BTCUSD – CHANNEL RESPECT & BULLISH CONTINUATION SCENARIO (H1 Analysis)

1. Market Structure – Dow Theory Perspective
   On the H1 timeframe:

• BTC has consistently printed Higher Highs (HH) and Higher Lows (HL) inside a well-defined ascending channel.
• The recent corrective move into the ENTRY ZONE aligns perfectly with the channel’s mid-support.
• Buyers have shown early signs of stepping back in, forming a localized HL and rejecting lower prices.

According to Dow Theory:
An uptrend remains intact as long as price continues forming higher lows and doesn’t break key structure support.
BTC is currently maintaining all bullish conditions.
This confirms that the pullback is structural, not a reversal.

2. Channel Confirmation & Price Reaction
   The ascending channel remains active and respected:
   Price rejected the upper resistance of the channel
   A healthy retracement is ongoing
   The market is approaching the ENTRY ZONE with decreasing bearish momentum
   The reaction behavior is typical of bullish continuation within a trend channel.
   There is no sign of market breakdown as long as price stays above the SUPPORT ZONE.

3. Key Zones to Watch
   Support Zone (Entry Zone)
   Located at the mid-range of the channel — a high-probability area for buyers to return.
   This zone has historically shown strong demand and fits perfectly into the channel geometry.

Resistance Zone
The upper boundary of the chart and liquidity zone.
This is where previous rejection occurred, and where TP2 & TP3 are aligned.

4. Bullish Scenario – Primary Outlook
   BTC is expected to follow a standard:
   pullback → bullish rejection → continuation upward structure.
   TP1: Minor channel resistance (short-term reaction zone)
   TP2: Previous strong resistance zone
   TP3: Channel top & extended liquidity zone

As long as BTC holds above the SUPPORT / ENTRY ZONE, upward continuation remains the highest-probability scenario.

5. Alternative Scenario
   If BTC breaks below the support zone:

• Price may retest the lower channel boundary
• Market would enter a deeper correction phase
• Trend remains bullish unless the lower channel is broken
  This scenario is less likely but still important to consider.

6. Technical Summary
   BTC continues respecting the rising channel
   Price is forming clean HL patterns
   Pullback is controlled — not impulsive
   Liquidity targets remain untouched above
   Structure supports bullish continuation
   Everything aligns with a high-probability bullish continuation setup.

Conclusion
BTC remains in a well-defined bullish channel, and current price action is moving exactly according to prior projections. As long as price stays above the SUPPORT / ENTRY ZONE, the market strongly favors an upward continuation toward TP1 → TP2 → TP3.

This is a clean, structure-based opportunity for channel traders, trend traders, and momentum traders alike.

[Nahid Hossen]

BTC respecting the channel beautifully—structure still favors upside.

[Rimon Khan]

Unless the lower trendline breaks, bulls remain firmly in control.