Bitcoin Building Momentum Toward $74.5KBitcoin / USDBINANCE:BTCUSDLouisee_Bitcoin remains inside a broader ascending channel on the H4 timeframe, but recent price action suggests the market is undergoing a deeper corrective phase after the strong rebound from the 63,000 region. Following the sharp push toward 69,000 – 70,000, momentum has slowed, and price has started to retrace, reflecting short-term profit taking and liquidity rebalancing. In my view, this pullback is technically healthy within a broader bullish structure. After an impulsive expansion, markets typically require a reset phase before continuation. I expect the current correction to extend toward the 66,500 – 66,000 zone, a key technical area aligned with horizontal support, the ascending channel trendline, and the 0.618 Fibonacci retracement of the most recent bullish leg. This region will be critical in determining whether the broader bullish structure remains intact. If price holds here and shows strong bullish reaction — such as rejection wicks or increasing buying momentum — Bitcoin could resume its upward move, targeting 70,000 first, followed by a potential extension toward 74,500, which aligns with the 1.618 Fibonacci expansion and the upper boundary of the channel. However, a decisive breakdown below 66,000 would weaken the short-term bullish structure and open the door for a deeper correction toward 63,500 – 64,000, where the lower boundary of the channel sits. That level would serve as a major structural test for the broader trend. With U.S. economic data remaining relatively firm and the Dollar holding steady, volatility is likely to persist before a clear directional move unfolds. For now, I prefer to monitor price behavior at key support rather than anticipate prematurely. Always confirm your setups and trade with proper risk management. Good luck.