BTCUSDT Ascending Channel Holds - Bulls in Control

[cryptohog]

Hello traders! Here’s my technical outlook based on the current BTCUSDT (3H) chart structure. BTC previously traded inside a range before breaking above it, confirming a shift to bullish momentum. After the breakout, price formed an ascending channel with higher highs and higher lows, respecting both the support and resistance boundaries. Currently, BTC faced rejection from the 73,000 resistance (seller zone) and pulled back toward the 68,800 support (buyer zone), where price already showed a bounce, aligning with the ascending trend line. As long as price holds above 68,800 and stays within the ascending structure, the bullish bias remains valid. A continuation from this support could push BTC back toward the 73,000 resistance (TP1). However, if price breaks below 68,800, the bullish scenario would weaken and a deeper correction could follow. Please share this idea with your friends and click Boost

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BTC respecting your lines like it knows you personally