BTCUSD Buy Opportunity | Bulls Defend Key SupportBitcoinOANDA:BTCUSDGold_Market_MindUSD 15M Technical Analysis The chart shows Bitcoin recovering inside an ascending channel after a sharp liquidity sweep and strong rebound. Price is now pulling back toward a key demand zone, where buyers may attempt to continue the uptrend. Bullish Scenario Entry Zone: 59,397.10–59,450.00 (support area) The pullback is testing the lower half of the ascending channel, which also aligns with a horizontal support zone. A bullish confirmation candle (bullish engulfing, pin bar, or strong close above support) would increase the probability of another impulsive move higher. Target: 61,500.50 Bearish Risk If BTC closes decisively below 59,397, the ascending channel structure could fail. A break below support may trigger further downside toward the stop-loss area. Stop Loss: 58,851.80 Key Levels Support: 59,397.10 Immediate Resistance: 59,950–60,200 Major Target: 61,500.50 Stop Loss: 58,851.80 Trading Outlook The overall short-term bias remains bullish as long as Bitcoin respects the ascending channel and holds above the 59,397 support zone. Waiting for price-action confirmation before entering provides a more favorable risk-to-reward setup than anticipating the bounce.