BTC – Between Structure and Supply!

[theSignalyst]

BTC has been trading inside a clean ascending channel , respecting both support and resistance.

After breaking above the $113,000 structure zone, price pushed higher but is now approaching a potential retest area.

🟠 Structure zone ($113K – $114K): Could act as support on a pullback.

🟢 Channel support: Aligns perfectly with structure for confluence.

Supply zone ($122K – $124K): Next major resistance where sellers may step in.

As long as BTC holds above structure, bulls remain in control, with the next upside target sitting around the supply zone.

Patience is key — waiting for a clean retest could set up the next continuation trade.

️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.

Stick to your trading plan regarding entry, risk, and management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Richard Nasr