Bitcoin (D1) - Breaks The Channel - Liquidity Grab Complete ?
Description Setup (Market Structure) BINANCE:BTCUSDT
Bitcoin was trading inside a well-defined descending channel on the Daily timeframe.
Price has now broken above the channel resistance, showing early signs of trend reversal.
Key confluences:
Multiple support reactions inside the demand zone
Breakout supported by EMA & cloud shift
Strong base formation near higher-timeframe support
Momentum gradually shifting from sellers to buyers
Support & Resistance
Support Zone: 83,700 87,300
1st Resistance: 107,500
2nd Resistance: 118,000
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Disclaimer
This analysis is for educational purposes only.
Crypto markets are highly volatile always manage risk and use proper position sizing.
Support the Analysis Like if you trade BTC Comment: Breakout confirmed or needs retest?