Ascending Channel — Continuation Toward Highs?Bitcoin / U.S. dollarBITSTAMP:BTCUSDThomaSs_MatthewAscending Channel — Continuation Toward Highs? BTCUSD Market Structure Update Price is currently trading around the 77,300 level, consolidating inside a well-defined ascending channel after a strong impulsive move. This suggests the market remains in a bullish structure, with current price action forming a continuation pattern. ➤ Market Structure • Clear sequence of Higher Highs (HH) & Higher Lows (HL) → confirms bullish control. • Price is respecting a clean ascending channel, showing strong institutional accumulation. • Each pullback is forming higher lows, indicating buyers stepping in consistently. • Current consolidation sits above previous breakout zone → bullish continuation base. • Internal structure shows range compression → breakout potential building. ➤ Key Levels • Channel Resistance / Target: 82,000 – 84,000 • Current Price: ~77,300 • Intraday Support (HL zone): 76,500 – 75,500 • Demand Zone: 74,000 – 73,000 • Buy Side Liquidity (BSL): above 82,000 If price holds above the 76,500 – 75,500 support zone and continues forming higher lows, it would confirm bullish continuation and open the path toward the 82,000 – 84,000 liquidity zone. However, if price breaks below the channel and loses the 75,500 structure level, it would signal a deeper pullback toward the 74,000 demand zone before continuation.