#BTCUSDT has broken out of the long-term descending channel and is now #trading within a newly forming ascending structure on the daily timeframe, signaling a potential #trend reversal. The green demand zone around $80,000,$83,000 acted as a strong base, from which price formed higher lows. #BTC is currently consolidating below the key resistance near $95,500. a daily close above this level would strengthen #bullish continuation toward $107,000. Failure to hold the rising structure could lead to a deeper pullback, but as long as price stays above the demand zone, the broader bias remains cautiously bullish. #crypto
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#BTCUSDT has broken out of the long-term descending channel and is now #trading within a newly forming ascending structure on the daily timeframe, signaling a potential #trend reversal. The green demand zone around $80,000,$83,000 acted as a strong base, from which price formed higher lows. #BTC is currently consolidating below the key resistance near $95,500. a daily close above this level would strengthen #bullish continuation toward $107,000. Failure to hold the rising structure could lead to a deeper pullback, but as long as price stays above the demand zone, the broader bias remains cautiously bullish. #crypto