$BTC delivered a strong bounce after successfully retesting the long descending trendline breakout, confirming bullish momentum in the market. Price continues to hold firmly above the key horizontal support zone, while the 50MA is also providing dynamic support.



The main hurdle now is the 200MA, where BTC faced rejection and short-term resistance. Despite that, bulls still control the structure as long as price remains above the support region.

A healthy pullback or minor correction is possible before the next expansion move, but overall momentum still favors the upside. 📈🔥

#BTC
BTC-0.27%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned