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Guys, $BTC is navigating a critical phase of compression, and the resolution from this zone is poised to set the tone for the broader market.

The price is engaged in a tight consolidation above a significant support level, following a recent test of the range high. This price action is forming a potential bullish continuation pattern, characterized by a series of higher lows within a defined ascending channel. The tightening range indicates a balance between supply and demand, which typically precedes a decisive move. Key moving averages are converging below the price, suggesting underlying support and a potential springboard for the next advance.

The immediate structure favors the bulls, provided the current support zone holds. A decisive breakout above the consolidation high, accompanied by a meaningful increase in volume, would confirm buyer conviction and likely initiate a swift move to challenge the recent swing highs. This would reinforce the broader bullish market structure.

Trade Plan for a Bullish Breakout Scenario:

· Entry Zone: $87,900 - $88,000
· Stop Loss: $86,800

· Take Profit Targets:
· TP1: $88,150
· TP2: $88,300
· TP3: $88,500

The current setup presents a high-probability trade opportunity with a favorable risk-to-reward ratio, contingent on a clear confirmation signal. The convergence of the bullish pattern, defending of support, and the overall market context create a constructive backdrop. However, discipline is paramount. Await the breakout confirmation to avoid a false move within the range. The market will declare its direction; our role is to identify the level and act with confirmation and defined risk..

$BTC #Bitcoin
{future}(BTCUSDT)