BTCUSDT Holds 63,700 Support as Bulls Target 67,000Bitcoin / TetherUSBINANCE:BTCUSDTProMarketEyeHello traders, Here is my technical analysis of the current BTCUSDT 3-hour chart structure. BTCUSDT was previously trading within a descending channel before establishing a strong reversal from a significant pivot area and breaking above channel resistance. This breakout marked a notable shift in market sentiment, with price subsequently forming an ascending channel that reflects strengthening bullish momentum. The move above former resistance levels attracted additional buying interest and reinforced the developing upward trend. At the moment, BTCUSDT is trading below the 67,000 Supply Zone while maintaining support above the 63,700 Demand Zone. Recent retracements toward support appear to be corrective in nature rather than indicative of a broader trend reversal. In addition, buyers continue to defend the lower boundary of the ascending channel, preserving the current bullish market structure. From a technical perspective, the outlook remains constructive as long as BTCUSDT continues to hold above the 63,700 Demand Zone and respects the ascending channel support. Sustained buying activity from current levels could encourage another move higher, with the 67,000 Supply Zone serving as the primary upside objective (TP1). Traders should continue monitoring price behavior around key support levels and watch for confirmation signals that may indicate the continuation of bullish momentum. As always, apply appropriate risk management and position sizing when trading market volatility.