BTCUSDT – Bulls Maintain Control, Upside Scenario Intact

12 Ogo

Over the past two days, the crypto market has been supported by a series of positive developments: yesterday, U.S. PPI data cooled, easing inflationary pressure and strengthening expectations that the Fed may soon cut interest rates; today, global risk sentiment improved as U.S. and European stock indices rebounded; and most recently, Bitcoin ETF inflows continued to post net gains, signaling that institutional investors remain confident in the bullish trend.

On the daily chart, BTC is still moving within an ascending channel, with a strong resistance zone around 121,000 – 122,000 USDT. Currently, the price is consolidating right near the upper boundary of the channel, showing that buying pressure remains in control. The strong support zone lies between 112,000 – 110,000 USDT, aligning with the channel’s lower boundary.

Preferred strategy: look for buying opportunities if the price pulls back toward 112,000 – 110,000 USDT, targeting a return to 121,000 USDT and potentially new highs. The bullish trend remains intact as long as the price stays within this ascending channel.

13 Ogo

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