BTC/USD Bullish Channel Retest | 65,634 Target in FocusBitcoin all time history indexINDEX:BTCUSDGold_Market_MindBTC/USD 15M Analysis Market Structure Timeframe: 15 Minutes Current Price: around 64,309. Price has been trading inside an ascending channel. A strong rejection wick occurred near the lower boundary, followed by a recovery. The chart highlights a support zone around 64,100–63,900, suggesting buyers are defending this area. Bullish Bias Higher lows continue to form within the channel. Price bounced from support and reclaimed short-term structure. The setup anticipates a continuation move toward the upper resistance area. Key Levels Support Zone 64,098 (minor support) 63,902 (major support) Resistance 64,700–64,800 (channel resistance) 65,200–65,400 (intermediate resistance) 65,634 (main target marked on the chart) Trade Idea (Educational) Long Setup Entry: 64,100–64,300 on a confirmed hold above support. Stop Loss: below 63,900 (around 63,873 as marked). TP1: 64,700 TP2: 65,200 TP3: 65,634 Risk-to-Reward Risk is relatively small compared with the projected upside. If price breaks and closes below 63,900, the bullish setup becomes invalid. What to Watch Bullish confirmation: A strong 15M candle closing above 64,400–64,450. Bearish warning: Rejection from the mid-channel followed by a break under 64,100. Invalidation: Sustained trading below 63,900 could open the door to deeper downside. Overall Bias BULLISH As long as BTC remains above the highlighted 63,900 support zone, the chart favors a continuation toward 65,634 and potentially the upper boundary of the rising channel. TradingView Title