Pullback Before the Next Move Higher?Bitcoin / US DollarCOINBASE:BTCUSDinchartswetrustHi everyone!🐻🦬🌴 Bitcoin came within just $676 of my 67,600 target yesterday before pulling back 👾 ❗️Looking at the way price broke above 65k, I don’t think this rally is over yet. To me, this is only the beginning of the current bullish leg. So far, the move continues to develop inside the ascending parallel channel shown on the chart. Another important development is the new local support at 66,550. This level acted as resistance several times over the past week and may now provide support on the way up. The lower boundary of the channel is by no means a “concrete” level. As you can see, price has already produced several false breakdowns below it. The same goes for 65,500. Still, during a healthy uptrend, local support levels don’t have to be perfect to stop a pullback. That’s exactly why it’s worth keeping them on the chart. 🦬🚀 Bullish scenario. As long as Bitcoin holds above 65k, I view the current pullback as a healthy pause before another attempt to break through 67,600. The next leg higher could start either from the lower boundary of the channel around 65,850 or from the horizontal support at 65,500 (green arrows on the chart🟢). 🐻🪓 Bearish scenario. If Bitcoin fails to regain and hold above 65k, sellers may take back control, opening the door to a much deeper correction toward: - 62,500 — Key support where price has been consolidating since early June. - 60,800 — Local horizontal support. - 60,000 — Strong horizontal support. Trade safe, and see you in the next update! Peace 🌄 ⚠️ Disclaimer: All information shared on this channel is for educational and informational purposes only and is not investment advice. The author is not responsible for your trading decisions. Always manage your risk and make your own decisions.