1. Price Action & Trend:
The chart shows Bitcoin trading within an ascending channel, indicating an overall bullish trend.
Price is moving upward after a “fake BOS (Break of Structure)” and a confirmed support zone, suggesting a reversal from a bearish trap.
2. Key Annotations:
"Entry" zone: Marked around the lower boundary of the current ascending channel. This is where the trader expects to enter a long (buy) position.
"Target" zone: Marked higher up, around the $112,500 level, showing the anticipated price target for the trade.
A "fake BOS" label indicates a false breakdown from support, followed by a quick recovery—likely signaling smart money accumulation.
Previous BOS (Break of Structure): Highlighted to show a bearish shift that was later reversed.
3. Trading Tools & UI:
Indicators and drawing tools have been used to plot trendlines, support/resistance, and trade zones.
The top tabs suggest the user is monitoring several charts or has different analysis open (e.g., BTCUSD and WhatsApp).
4. Market Status:
The current Bitcoin price is around $104,443, with a recent drop of about 1.87%.
Bid/Ask prices are visible: Sell at $104,442 and Buy at $104,443.
