This 1H BTCUSD chart shows price previously respecting a **descending channel** (marked in red), indicating short-term bearish pressure. However, the structure shifted after a strong bullish impulse from the lower support area, where price bounced off a **rising trendline** (green).
Currently, price is consolidating inside a range while holding above the ascending trendline and partially supported by the Ichimoku cloud. The descending resistance is still in play, but momentum is slowly favoring buyers as higher lows are being formed.
A breakout above the descending channel resistance would confirm bullish continuation, especially if price sustains above the cloud and trendline confluence.
**🎯 Target:**
* **Primary Target:** 78,900 – 79,000 zone
* This aligns with the projected breakout move and prior resistance area.
**⚠️ Key Levels to Watch:**
* Support: 77,200 – 77,400 (trendline + cloud support)
* Resistance: 78,400 → 79,000 (channel top + target zone)
Currently, price is consolidating inside a range while holding above the ascending trendline and partially supported by the Ichimoku cloud. The descending resistance is still in play, but momentum is slowly favoring buyers as higher lows are being formed.
A breakout above the descending channel resistance would confirm bullish continuation, especially if price sustains above the cloud and trendline confluence.
**🎯 Target:**
* **Primary Target:** 78,900 – 79,000 zone
* This aligns with the projected breakout move and prior resistance area.
**⚠️ Key Levels to Watch:**
* Support: 77,200 – 77,400 (trendline + cloud support)
* Resistance: 78,400 → 79,000 (channel top + target zone)
Trade active
active Trade closed: target reached
my given target has been successfully achieved 
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telegram channel link
t.me/+r9_PoETjAr85Nzlk
join to get daily basis 2-3 free signal for educational purpose
t.me/+r9_PoETjAr85Nzlk
get information about Gold, BTC and forex market
t.me/+r9_PoETjAr85Nzlk
t.me/+r9_PoETjAr85Nzlk
join to get daily basis 2-3 free signal for educational purpose
t.me/+r9_PoETjAr85Nzlk
get information about Gold, BTC and forex market
t.me/+r9_PoETjAr85Nzlk
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.