Bitcoin in channel: Pump now or after war dumpBitcoin / TetherUSBINANCE:BTCUSDTMMBTtraderBitcoin is currently approaching a critical technical confluence zone, where multiple support levels align. This area represents a potential turning point for the market. Key Support Levels: Fibonacci Retracement: Major Fib levels (likely 0.5, 0.618) are converging in this region Historical Support: Previous demand zones add confluence Psychological Level: The $50,000 area represents a significant round-number support Technical Significance: This confluence of supports creates a high-probability reversal zone. Such areas historically attract institutional buying interest and have the capacity to absorb selling pressure—even from negative news events like geopolitical tensions. Expected Market Behavior: Following a test of this support zone, a period of consolidation is likely as the market establishes a new base. Once accumulation completes and selling pressure exhausts, conditions would be favorable for the next bullish phase to begin. Outlook: Near-Term: Possible consolidation or range-bound action near support Medium-Term: Bull market resumption expected after base formation Invalidation: A sustained break below $50,000 would require reassessment ✍🏼Author's word: Like & comment(your thoughts) if you found it helpful.🩷