BTC/USD Technical AnalysisBitcoin / U.S. dollarBITSTAMP:BTCUSDTRADE_WITH_CHARLIEMarket Structure Price was moving inside a clear ascending channel, respecting higher highs and higher lows. A strong bullish impulse broke above the channel resistance, indicating liquidity grab and momentum expansion. Now price is trading inside a major supply / resistance zone (orange area) around 74,200 – 74,400. Bearish Scenario The supply zone shows rejection wicks, suggesting sellers are defending this level. If price fails to hold above 74,300, a pullback or deeper correction is likely. Possible move: Entry: ~74,250 Stop Loss: ~74,800 (above supply zone) Target: ~71,000 This target aligns with: Previous structure support Potential liquidity area below the breakout Key Levels Resistance: 74,300 – 74,500 Intraday Support: 73,600 Major Target: 71,000 Trading Idea This setup looks like a breakout → supply test → potential retracement pattern. If sellers maintain control inside the supply zone, we could see a sharp liquidity sweep toward the 71k region.