BTCUSDT: Holding Trendline - Continuation Toward 78,500 in Play

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BTCUSDT: Holding Trendline - Continuation Toward 78,500 in PlayBitcoin / TetherUSBINANCE:BTCUSDTRatnerHello everyone, here is my breakdown of the current BTCUSDT setup. Market Analysis Bitcoin previously traded inside a downward channel, forming lower highs and confirming bearish pressure. After reaching a local bottom, price reversed and broke out of the channel, shifting into a bullish phase with strong upward momentum. The market then established an ascending trendline, supporting higher lows. Currently, BTCUSDT is holding above the 75,700 support zone and approaching the 78,500 resistance zone. A recent consolidation near resistance, along with a successful retest of support and a developing inverse head and shoulders pattern, suggests growing bullish strength. My Scenario & Strategy As long as BTCUSDT holds above the 75,700 support and respects the ascending trendline, the bullish scenario remains valid. A continuation higher could push price toward the 78,500 resistance (TP1). However, if price breaks below 75,700 and loses the trendline support, the bullish setup would be invalidated, opening the door for a deeper correction. That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.