$BTC

1. Trend Channel:

• Bitcoin is currently trading within an upward trend channel (white dashed lines).

• The lower white trendline acts as a support, and the upper white line serves as resistance.

2. Key Observation:

• If Bitcoin breaks below the lower white trendline, it signals a potential end to the current upward momentum. This could trigger a pullback towards the blue support levels.

3. Next Targets (Blue Lines):

• If the price falls below the trendline:

• First Support Level: ~$94,120

• Second Support Level: ~$91,417

• Third Support Level: ~$87,057

• These levels could act as potential support zones based on historical price action.

4. Volume Analysis:

• The volume appears to be significant during recent moves, indicating active participation and strong momentum in either direction.

5. Critical Resistance:

• If Bitcoin stays within the channel, the next upward target lies near the upper resistance (approximately ~$107,221 or higher).

Conclusion:

If Bitcoin breaks below the trendline, the $94,120, $91,417, and $87,057 levels will likely serve as key downside targets. However, if it maintains the channel, further upside continuation towards $107,221 or higher is possible. Monitoring volume and candlestick patterns will provide additional confirmation for the direction.