BTCUSDT

Perp

87,612.1

+3.93%

$BTC perfectly bounced from the level where we called the exact bottom, and we've also seen a solid relief rally across altcoins.

BTC is now retesting the ascending triangle, keeping the short-term structure bullish as buyers continue to defend this area.

If the support holds, another bounce toward recent highs is likely. However, a break below the trendline would signal weakness and could lead to a pullback toward the lower marked horizontal support.