BTC Rebounds From Channel Support With Critical Levels In Focus

BTC Rebounds From Channel Support With Critical Levels In Focus 🟢📉

Structure remains firmly bullish, and price action is still unfolding within our previous analysis. After the breakout above the yellow trendline, BTC has entered a new ascending channel, and we’re now testing the lower boundary of this rising structure.

The main support sits at 114,921, the level from which the breakout occurred—an essential zone that may or may not be revisited. Based on market behavior and momentum, I currently do not expect this level to be retested, but it's one that must always be respected.

🟩 A deeper correction could lead us toward the previous ascending channel support near 112,400. This would be the last resort for bulls to hold structure intact.

⚠️ A break below 112K changes the narrative completely. That would mean we’re stepping into a potential trend reversal zone—so the market could be setting up for something more significant if that unfolds.

That said, my expectation leans toward a rebound from current levels. The sell-off may have flushed out late long entries, creating space for renewed bullish momentum. Let’s follow the levels and trade what we see—not what we feel.

One Love,
The FXPROFESSOR 💙

Disclosure: I am happy to be part of the Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Awesome broker, where the trader really comes first! 🌟🤝📈