Price is trying to build a bullish reversal.BitcoinOANDA:BTCUSDMid-SessionReversal1. Price Action Current BTC price: around 114,000 USD. The market shows a downtrend channel (bearish structure) that has recently been broken upward. Price is trying to build a bullish reversal. 2. Key Levels Resistance Zone: Near 124,000 – 125,000 USD, highlighted at the top. Support/Reaction Points: Multiple swing lows and highs marked with red (lows) and blue (highs) circles, showing how BTC respected the channel. Breakout: Price has moved outside the bearish channel, hinting at a possible trend shift. 3. Chart Projection The dotted arrow projection suggests: Short-term rise towards 115,000 – 117,000 USD. Possible pullback (correction). Continuation upwards targeting 122,000 – 124,000 USD resistance zone. 4. Market Structure Previous Trend: Clear descending channel (lower highs & lower lows). Current Trend: Attempting a breakout and reversal. Bias: Bullish in the medium term, but resistance above 124k is strong. ⚡ Summary: Bitcoin broke out of its downtrend channel and is showing signs of a bullish reversal. The chart suggests a potential move toward 117k, a pullback, and then a push higher targeting the 124k resistance zone.