BTCUSDT: Ascending Channel at Key JunctionBitcoin / TetherUS PERPETUAL CONTRACTBINANCE:BTCUSDT.PImneelpatel Overview: Bitcoin (BTCUSDT.P) is currently navigating an ascending channel on the 4H chart and has pushed into a major horizontal resistance zone around $66,300 – $67,200. Price is at a critical juncture where momentum will decide the next major leg. How Price Is Expected to Move: • Scenario A (Bullish Breakout): Price breaks above $66,500, retests, and accelerates toward $68,200 – $68,500. • Scenario B (Bearish Rejection): Failure to hold $66,200 triggers a drop to $65,000, followed by a weak bounce to $65,600 and continuation down to $63,200 – $63,500. Key Reaction Levels to Watch (4H): • $66,200 – $66,500 (Immediate Area): Watch 4H candle closes for breakout confirmation or rejection wicks. • $67,200 – $67,500 (Major Resistance): Heavy seller supply zone; breakout activates $68,200+ target. • $65,000 – $65,200 (Mid-Channel Support): Potential lower-high bounce area on a rejection path. • $63,200 – $63,500 (Channel Bottom): Major demand line that bulls must hold. Disclaimer: Educational purpose only. This is not financial or trading advice. Always manage your risk.