BTCUSD: Channel support test. Breakdown = short. Bounce = long.

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BTCUSD: Channel support test. Breakdown = short. Bounce = long.Bitcoin / US DollarCOINBASE:BTCUSDElibri_EugenπŸ“Š Trade Plan: Scenario 1 β€” Breakdown (Short): πŸ”» Entry: 63100 (on confirmed break below channel) 🎯 Take Profit 1: 61350 (demand zone) 🎯 Take Profit 2: 59350 (next demand zone) Scenario 2 β€” Bounce (Long): 🟒 Entry: on bounce from lower boundary 🎯 Take Profit: upper channel boundary πŸ“‰ Technical Picture (H4 & Daily): Ascending Channel: Price has been moving inside a rising channel since early July. Currently testing the lower boundary β€” decision point. MACD: Lines crossed below the zero mark. Histogram sloping down β€” bearish momentum building. Key level: A confirmed break below the channel opens the short. A bounce keeps the range alive for a long. πŸ—žοΈ Fundamental Note: ETF inflows +$273.87M through Thursday β€” third straight positive week. But headwinds are stacking: US struck Iran for 13th straight night, Houthis opened a second front in the Red Sea, WTI hit $92.50. July hike odds jumped to 34%. Trump's new 10-12.5% tariffs on 60 trading partners add trade war fears. BTC resilience is real, but the channel bottom is the line in the sand. ❌ Invalidation: Short invalidated if price bounces and holds above the channel. Long invalidated if price breaks and closes below.