$BTC Another Bounce or a Deeper Correction?

The last two times we saw a similar setup, BTC delivered impressive bounces of 7.50% and 6.60% — and on March 20, we witnessed another 7.60% move. But right now, the price is facing tough resistance near the upper boundary of the channel, aligning with the 200-4H EMA (the blue wave) around $87,830.

So the big question is: will BTC break out from here, or are we due for another short-term correction?

If a pullback happens, the first target could be the 50-4H EMA around $83,900.

Continued pressure might take the price down to test the lower channel boundary, near $82,400 — a level that previously acted as solid support between March 16 and 17.

My personal take: I'm trading this zone with cautious optimism. Until BTC decisively breaks above $87,830, I’m avoiding major long positions. For now, it looks more like a short-term scalping range.

What’s your take on this setup? Do you see a breakout coming, or is BTC cooling off for now?

Feel free to share your thoughts!