🚀 $BTC Analysis – Bullish Rebound

Trade Setup:

🟢Long Entry: If BTC breaks above $68,800 with strong volume.

Target: $69,400, which aligns with the upper channel boundary.

Stop-Loss: Set at $68,200 to limit downside risk in case of a reversal.

Trend: Mixed, with potential bullish setup

Key Levels:

Immediate Support: $67,120.97 (lower bound support level

Resistance: $69,400 (top channel boundary)

$BTC is attempting to recover from its recent dip, and is currently trading near the midline of the Mean Reversion Channel. The Stochastic RSI at the bottom shows a potential upward cross, indicating a possible rebound from oversold levels, which might give bulls an edge for a short-term rally.

BTC is consolidating within the channel boundaries. A break above the middle band might attract buying interest.

Bullish signal, with the oscillator turning upward from oversold territory, increasing the chances of a short-term push to higher levels.

🔥 Quick Tip: Keep an eye on the Stochastic RSI – an upward cross could signal additional bullish momentum. As Bitcoin hovers near a critical level, a breakout could lead to a swift rally, so stay alert for a potential move to test resistance.#BTCanalysis #BTC☀