BTC – Bulls Still in Control, As Long As the Intersection Holds!

BTC is retesting a major confluence zone, the intersection of the rising red trendline and the previous ATH structure around $110K–$112K.

This zone has acted as a strong pivot multiple times, and as long as it holds, the overall bullish trend remains intact.

Bullish scenario: Look for trend-following longs near the current intersection, targeting the upper red trendline around $125K.

Bearish invalidation: A daily close below $107K would break the confluence and signal a potential shift in momentum.

📈 The structure is still clean, a healthy correction within an ongoing bullish cycle.

⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.

📚 Stick to your trading plan regarding entries, risk, and management.

Good luck! 🍀

All Strategies Are Good; If Managed Properly!
~Richard Nasr