#Bitcoin is currently at a critical juncture, testing the lower edge of its rising channel, where several moving averages have converged. This zone has historically acted as a balance point between bullish defense and bearish momentum, setting the stage for the next significant move.
🔍 Market Overview
The ongoing price action shows that Bitcoin’s trend structure remains bullish, maintaining a series of higher lows inside the rising channel. However, with each reaction becoming tighter, traders are beginning to notice momentum compression, suggesting that a breakout or breakdown could be near.
💡 Technical Scenarios
Bullish Case: If buyers manage to hold this key support level, Bitcoin could bounce back toward the upper trendline, potentially reclaiming bullish control in the short term.
Bearish Case: If the lower boundary gives way, downside momentum could accelerate toward the $100K psychological mark, a level that could act as the next major area of interest for both bulls and bears.
⚖️ Signal Bias
The current signal stands at a Neutral–Cautious bias. Traders are advised to wait for confirmation candles and volume expansion near support before considering new positions. This phase could determine whether $BTC continues its climb or enters a deeper correction.
🕒 Market Sentiment
With volatility expected to pick up and liquidity tightening near this channel base, market participants should remain alert. A decisive move in either direction could set the tone for the rest of the week.
