🔥📈 BTC Battles Resistance – Can Bulls Reclaim the Channel? 🧠🚪
Bitcoin is now knocking on the door of the broken channel support — what was once a floor is now acting as resistance. For bulls to regain momentum, price must reclaim and close back inside the channel, ideally above 118.6K.
📍 Key Structural Notes:
We've already broken below the internal channel — this is no longer a confirmed uptrend.
Current resistance is the same trendline that previously acted as support — classic technical flip.
Failing here keeps BTC vulnerable for a deeper move toward the Main Support at 114.9K, where the real test lies.
📊 Order Flow Context:
Funding remains mildly positive, showing no panic from longs.
Premium is near-zero — market isn't chasing.
OI is steady, showing neutral positioning but potential for sudden volatility.
Spot volume picked up during the recent move, but not strong enough to confirm a breakout… yet.
🧩 Scenarios:
✅ Breaks back above 118.6K with volume → Targets: 122.4K, 126.7K, 128.7K (channel continuation).
❌ Rejection at resistance → Eyes on 114.9K. Losing that, and we enter danger territory toward 106K.
We’re at a decision point — and these are the moments that shape the next leg.
One Love,
The FXPROFESSOR 💙
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