BTCUSD Analysis – Ascending Channel StructureBitcoin / U.S. dollarBITSTAMP:BTCUSDFOREX_PROFESSOR01Bitcoin is showing a strong recovery after sweeping the sell-side liquidity around 62,700. The sharp bullish reaction from that liquidity zone confirms buyer interest and has formed a clear ascending channel on the 1H timeframe Bullish Scenario: Price is respecting the channel structure and printing higher highs and higher lows. A healthy pullback within the channel could provide continuation opportunities. If momentum remains strong, BTC may target the 65,500–65,800 supply zone. Key Area to Watch: The upper supply zone remains a major resistance area where sellers could step in. A break below the channel support would weaken the bullish structure and may trigger a deeper correction. Conclusion: BTC remains bullish while trading inside the ascending channel. The main objective is a move toward the supply zone, provided channel support continues to hold. Title: BTCUSD | Ascending Channel Targets Supply Zone education post only, not for financial advise