There are two scenarios here:
Scenario 1: Breakout Continuation (Aggressive Long Entry)
Entry Zone: Around the current price (103,000–104,000)
Reasoning: Price has bounced from the lower boundary of the channel and is now pushing higher with strong momentum.
An aggressive long position can be considered with expectations that BTC will continue climbing toward the upper resistance line of the channel.
Target Zone: 110,000–114,000 (marked in the yellow box)
Scenario 2: Pullback to Support (Conservative Long Entry)
Entry Zone: Between 96,000–99,715
Reasoning: If BTC faces rejection near current levels or the midline of the channel, a healthy correction could bring the price back to a key demand zone, aligning with the lower trendline and horizontal support levels.
Target Zone: Same upper boundary of the channel (110,000–114,000)
Trade at your own Risk 👍
Best Regards, Trade Cryptocurrency
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