Trade Setup Analysis $BTC ‌

​The chart shows a classic descending channel breakout followed by a retest. The price has been in a corrective phase and is now attempting to establish a bullish reversal.

BTC/USD Bitcoin vs US Dollar
Direction Long (Buy) Bullish bias based on the breakout
Entry Zone $68,049 - $68,075 The primary zone for a confirmed entry
Stop Loss (SL) $66,788 Placed below the recent swing low and 1% risk level
Target 1 (TP1) $69,644 First resistance and liquidity level
Target 2 (TP2) $71,230 Mid-range target
Target 3 (TP3) $73,265 Final objective near the previous high

Technical Logic
​Descending Channel Breakout: The price has broken above the upper trendline of the blue falling channel, which typically signals a shift from bearish to bullish momentum.
​Retest of Support: The "Entry Zone" aligns with a previous resistance level that should now act as support (S/R Flip).
​Risk Management: The chart explicitly marks a 1% risk profile with the Stop Loss positioned at $66,788. This protects the capital if the breakout turns out to be a "fakeout" and price falls back into the channel.
​Liquidity (BSL): There is a Buy Side Liquidity (BSL) pool identified around the $70,000 mark, which acts as a magnet for the price as it moves toward TP1 and TP2.
​Current Market Context
​As of today, March 8, 2026, Bitcoin is trading around $67,160, slightly below your primary entry zone. This suggests the trade is currently in the "waiting for confirmation"