BTC Bullish Channel Rebound – Potential Rally Toward $74KBitcoin / U.S. dollarBITSTAMP:BTCUSDDrForexPhd1️⃣ Market Structure The blue zig-zag pattern indicates a corrective move after a strong impulse up. Price dropped from the recent high near $74K and is now forming a potential higher low inside the channel. The lower teal trendline is acting as dynamic support. ➡️ This suggests the overall structure remains bullish unless the channel breaks down. 📊 Key Levels Current Price: ~ $67,185 Resistance / Targets: 🎯 $70,064 – First resistance (previous reaction zone) 🎯 $71,803 – Mid supply zone 🚀 $74,039 – Major target / previous high These levels align with supply zones and prior liquidity areas. 🧭 Expected Scenario (Based on Your Projection) Possible path shown on the chart: Small bounce from channel support Move toward $70K resistance Pullback / consolidation Break higher toward $71.8K Final push to $74K liquidity zone This forms a continuation pattern within the trend channel. ⚠️ Invalidation Level The bullish setup weakens if: Price breaks below the channel support Especially a 4H close below ~65.5K–66K That could trigger a deeper correction. 📈 What Makes This Setup Bullish Ascending channel structure Higher lows forming Liquidity targets above price Clear support reaction zone ✅ Simple Summary: BTC is correcting inside a bullish channel, and if support holds, the market could rally toward $70K → $71.8K → $74K.