$BTC – Backtest in Progress After Major Breakout
After breaking above a key descending trendline, BTC hit a local high at $123.2K before pulling back to $117.5K.
🔹 Technical Breakdown:
• Clean breakout from multi-week descending trendline (black line)
• Currently in backtest phase — typical behavior after strong breakout
• Key support to hold: $110K–$111K zone
• Holding above confirms breakout validity and sets up potential move to $125K+
🔸 MACD momentum remains strong, with no bearish divergence yet — suggesting this correction is healthy, not reversal.
Next to watch:
• A bounce from $110K area could trigger next leg up
• Failure to hold that zone opens risk of retest at $103K
This is classic price action. Break – Retest – Confirm. Let’s see if the bulls step in again.
👉 My view BTC will retest previous support zone to go
Higher !!
🆘Not financial advice. Just reading the chart like it talks.
