BTCUSDT broke above a corrective channel after multiple rejections near the support zone. The chart shows a descending structure with repeated lower highs and lows, guided by the downward trendline. However price broke and closed above it. the market potentially bottomed around $108,000 support level. As long as price holds this support, a rebound toward $117,300 becomes the next potential move. The broader picture suggests a retest of resistance if momentum shifts upward from the current zone.

๐Ÿ“‰ Key Levels

  • Buy trigger: Hold above $110,000 support

  • Buy zone: $108,000โ€“$110,000 accumulation area

  • Target: $117,300 resistance zone

  • Invalidation: Breakdown below $108,000


๐Ÿ’ก Risks

  • Failure to hold $108,000 support could trigger deeper losses.

  • Macroeconomic factors (Fed rate decisions, inflation data) may pressure sentiment.

  • Sustained strength in the dollar index could cap bullish continuation.

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