BITCOIN TECHNICAL POSITION: TRENDING HIGHERBitcoin / TetherUS PERPETUAL CONTRACTBINANCE:BTCUSDT.PPrinciplesofmathprobBitcoin had been sliding down an Andrews Pitchfork for nearly two weeks until it reached the lower boundary of the major ascending channel it has been trading in for a long time. This was the area where we were waiting to see how price would react at this structural intersection. Although the price action is a bit messy, what we notice is that it gained strength and is now trading back inside the channel. It seems to me that those who sold at Pivot 5 and failed to get a clear break to the downside are now compromised. The framework here is to buy at the lower parallel with a stop below one of the two previous swing lows and the exit at the center or Pivot 5 high. On the other hand, while this is a daily chart, profitable intraday long setups are to be expected.