๐จ $BTC Testing a MAJOR Level Right Now ๐จ
Bitcoin is trading around the $71.8K โ $72K zone on the 1H timeframe, and price is knocking on a descending trendline resistance. This is where things get interesting. ๐
Despite the rejection risks, the overall market structure remains BULLISH ๐.
We continue to print higher lows, and BTC is respecting the rising trendline from the recent swing low near $69K.
The latest push upward shows strong buying momentum ๐ช โ bulls are clearly in control in the short term.
๐ข What happens if we BREAK $72K?
A clean breakout + acceptance above resistance could unlock the next expansion move ๐
๐ฏ Targets to watch: $73.5K โ $74K
Once momentum builds above the trendline, shorts may get squeezed and volatility can expand fast.
๐ด What if BTC gets rejected?
Failure to flip $72K into support may trigger a healthy pullback.
๐ First support: $70.8K
๐ Stronger demand zone: $69.8K โ $70K (trendline support)
As long as price stays above this ascending structure, the move down would likely be corrective, not a full trend reversal.
๐ง Big Picture
Trend = UP ๐
Momentum = Bullish ๐
Pullbacks = Potential opportunities if structure holds.
Bulls remain safe unless we lose the rising support.
๐ฅ Google searches rising
๐ฅ Traders watching closely
๐ฅ Big move brewing
