The BTC Long! Bullish Divergence SetupBTCUSDT Perpetual ContractBYBIT:BTCUSDT.PchartnationBTC Perpetual Contract - Bullish Divergence Setup at Critical Trendline Support Bitcoin is presenting a high-conviction long opportunity as price tests a significant ascending trendline that originated in August 2024. This setup combines multiple technical confluences that suggest a potential reversal zone. Technical Structure: Price has been respecting a well-defined ascending trendline established from the August 2024 lows, which has acted as dynamic support through multiple retests. We're currently at another critical touch of this trendline around the $94,000-$95,000 zone, coinciding with a horizontal support level that has proven significant on previous timeframes. Smart Divergence Engine Confirmation: The overlay panel is displaying clear bullish divergence signals (green "BUY" labels) at key support levels. Notice how price made lower lows while the Smart Divergence Engine indicator (bottom panel) formed higher lows - this is textbook bullish divergence indicating weakening bearish momentum. The divergence pattern has accurately identified previous reversal points, as evidenced by the successful signals earlier in the chart that led to substantial rallies. Smart Moving Average Dynamics (SMAD) Analysis: The SMAD indicator is showing extreme bearish readings (deep red territory around -100.0), which historically marks oversold conditions and potential capitulation zones. When SMAD reaches these extremes near critical support structures, it often precedes strong mean-reversion moves. The indicator's position suggests we're at a momentum extreme that typically doesn't persist. Trade Rationale: This setup offers an asymmetric risk-reward opportunity. The confluence of the long-term trendline support, bullish divergence confirmation, and extreme SMAD readings creates a high-probability reversal scenario. Historical price action shows that this trendline has been respected consistently since August 2024, and each successful defense has led to significant upside continuation. Risk Management: A sustained break below the trendline and horizontal support would invalidate this setup. However, the current technical evidence suggests buyers are likely to defend this zone aggressively, given its significance in the broader uptrend structure. The multiple timeframe alignment and indicator confirmation provide conviction for a long position targeting a return to recent highs around $108,000-$110,000, with extended targets at the $120,000-$130,000 zone if momentum accelerates.