$BTC BTC Hits Channel Resistance – Is the Rejection Real or a Trap?

The chart structure remains unchanged from our previous update.

🔸 After entry, price dipped ~5% below our zone, but has now printed a strong bullish candle, signaling potential upside momentum.

🔸 However, #Bitcoin is currently trading at the upper boundary of the ascending channel, acting as resistance.

Key Level to Watch:

If the #HTF

candle closes above $99,500, it will signal strength, and I’ll consider closing short positions and initiating fresh long setups.

Important Note:

The current pattern resembles a liquidity trap, not a clean bullish continuation. That’s why I remain cautious.

✅ Plan:

🔸 Wait for confirmation > $99,500

🔸 Use tight stop-loss – no blind trades.

Stay sharp, monitor price action closely