BTCUSD Bulls Defend Key Support – 67,000 Target AheadBitcoinOANDA:BTCUSDGold_Market_MindBTCUSD 15M Technical Analysis Market Structure: BTCUSD is trading inside an ascending channel after a strong bearish move. Price has been consolidating near channel support, suggesting accumulation before the next directional move. Key Observations: Support Zone: 65,350 – 65,475 (highlighted demand area). SuperTrend Indicator: Still showing bullish support around 65,474, indicating buyers remain active above this level. Consolidation Range: Price has been moving sideways, forming a base near support. Descending Trade Line: A breakout above the marked trendline would confirm bullish momentum. SMA (9): Price is hovering around the short-term moving average, showing indecision before a potential expansion move. Bullish Scenario: Holding above 65,350 support could trigger a breakout from consolidation. A move above 66,000 – 66,200 resistance may accelerate buying pressure. Target zone remains around 67,000, matching the upper projected area on the chart. Bearish Scenario: A break below 65,350 support would invalidate the bullish setup. Further downside could extend toward 64,850 (stop-loss region and next support). Trading Idea (Educational): Entry Zone: 65,350 – 65,500 Stop Loss: 64,850 Target: 67,000 Risk-to-Reward: Approximately 1:3 Conclusion: BTCUSD is showing signs of bullish accumulation above a critical support zone. A confirmed breakout from the consolidation and trendline resistance could lead to a move toward 67,000, while a loss of support would shift momentum back to the bears.