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BTCUSD | Bullish Continuation After Trendline Break

Price has broken above the descending trendline after forming a bullish Change of Character (CHoCH), signaling a shift in short-term momentum. The recent rally has reclaimed key structure, and price is now consolidating beneath a nearby resistance/liquidity zone. The highlighted resistance remains the primary decision area. A successful breakout and acceptance above this level could expose the next liquidity target near the previous Weak High. However, if price fails to hold the recent breakout structure, a pullback into the highlighted demand zone may occur before buyers attempt another move higher. Key Levels Support: Previous breakout structure and highlighted demand zone around 64,000. Resistance: 64,900–65,000 supply/liquidity zone. Bullish Scenario: A confirmed close above resistance could continue the move toward the weak high around 66,700. Bearish Scenario: Rejection from resistance may lead to a retracement into support before the next directional move. Invalidation: A confirmed close below the highlighted demand zone would weaken the current bullish outlook. Technical Confluences Descending trendline breakout Bullish CHoCH and BOS Smart Money Concepts (SMC) Liquidity and weak high target Price action confirmation This analysis is based on market structure, liquidity, and Smart Money Concepts. It outlines possible scenarios rather than predicting a guaranteed outcome. Always wait for confirmation before entering a trade.