Reversal from Channel Bottom or a Real Breakdown? Identifying th

🎯 BTCUSDT - Analysis
🔹 Analysis Date: 1 August 2025

📉BTCUSDT:

Price is currently moving inside an ascending channel and has touched the bottom of the channel again, offering a potential buy opportunity.

However, for those seeking a low-risk entry, the zone around 118,000 could be ideal—if price returns to the channel and confirms support.

Although it seems the channel’s lower boundary might break, this could be a fake break to mislead traders before a rebound.

The support at 110,000 is a crucial short-term level; if it fails, a deeper correction toward 98,090 or even 94,000 is likely.
Our targets remain at the upper boundary of the channel.

⚠️ Risk Management Tip: Wait for confirmation near 118,000 if unsure, and always size positions based on overall volatility.