BTC Daily (August 7, 2025)Bitcoin / TetherUSBINANCEUS:BTCUSDTFIBZnCRIBZStructure Detected Ascending Parallel Channel Bitcoin has been consistently respecting a broad ascending parallel channel (yellow lines) with three clean touches on both upper and lower bounds. The price is currently sitting near the midline of this channel — historically a pivot zone between continuation and pullbacks. Trend: Strong uptrend with a clear sequence of higher highs and higher lows. Recent pullbacks have all respected the mid-channel and rallied afterward. Heikin Ashi candles are used, which smooth price action — this makes trend strength visually clearer. A few red candles suggest temporary cooling, but not a structural breakdown. Market Bias Bullish — The macro structure remains strong, and price is riding the midline of a clean, long-term ascending channel. No signs of major distribution or topping yet. If price maintains above the midline (~$115k), upside continuation is favored. A break and close below it could trigger a mid-term pullback to lower channel bounds. Bullish Targets If price continues upward from here: $130,000 → Next horizontal confluence within the channel top zone. $140,000–$150,000 → Upper channel resistance; could attract long-term profit-taking or final parabolic push. $170,000 → Extreme target near the top extension of the outer parallel — would imply mania phase or major breakout extension. Bearish Levels If midline fails and Bitcoin pulls back: $100,000–$105,000 → Prior support and lower mid-channel zone. $90,000 → Bottom channel support — clean historical touchpoints. $85,000–$80,000 → Strong psychological + structural support cluster; high-confidence long-term demand zone. Timeframe-Based Targets Daily Swing Targets Upside: $130k → $140k → $150k Downside: $105k → $90k → $80k Weekly Structure: The weekly mirrors this bullish channel. As long as weekly candles close above ~$100k, the long-term trend is intact. Summary: Bitcoin remains in a well-respected bullish channel, currently riding the midline — a typical pivot zone. Holding this zone supports further upside toward $130k+. A breakdown below ~$115k could trigger a deeper pullback toward $100k–$90k support. Macro trend remains bullish unless the lower channel breaks.