BTCUSD – Price Approaching The Edge of the Channel for BINANCE:BTCUSD by MJElahifx

📍 BTCUSD – Price Approaching The Edge of the Channel

Bitcoin has surged sharply from the lower boundary of its descending channel and is now reaching another “Edge” — the upper resistance line.

🎯 Two Key Scenarios:

🟩 Bullish Breakout: A clear breakout above ~$108,000 with strong volume could initiate a new leg toward $111K and beyond

🟨 Bearish Rejection: Failure to break the channel may lead to a corrective wave back toward $103K or lower

This is a classic “decision point” — where market structure and momentum meet supply and resistance.

—

#BTCUSD #Bitcoin #CryptoTrading #TechnicalAnalysis #PriceAction #TheEdge #ChannelTrading #EMA #BitcoinResistance #MJTrading #CryptoSetup #SwingTrade #MarketStructure #BreakoutOrRejection #KeyLevel #TrendWatch

Read more on TradingView

This news is powered by TradingView