Current price: 37,000
Key point: 35500
Our preferred direction: buy positions at the highest levels of 35,500, targeting 38,000 as the first target, then 40,000 as the second target.
Alternative scenario: Stop loss and change the trend by breaking the 35,500 level, while targeting the 30,000 levels
Technical commentary
Bitcoin is moving in an ascending price channel on the four-hour frame from the low of the middle of last month, and the price has so far respected the lower and upper borders of the channel, forming another sharp ascending price channel above the support levels of 35,500, so it is expected to complete this rise to reach levels of 38,000 and then levels of 40,000.
