Price is still trading within the orange ascending channel, so the broader bias stays bullish while the $107.5k–$111k demand (red zone / lower channel line) holds. From here, I’m expecting attempts to rotate back up toward the $118k resistance (blue band). A daily close above $118k would likely unlock the next leg to the $124k–$125k supply (green band).

If the market loses $107.5k on a daily close, the channel structure breaks, and risk shifts to a deeper pullback—first toward $103k–$105k, and then the higher-timeframe support area down at $92k–$96k (blue zone).

Trading plan (not advice): favor dip-buys within $107.5k–$111k while it holds, targeting $118k then $125k; invalidate the idea on a daily close below $107.5k.

All Strategies Are Good; If Managed Properly! ~Richard Nasr.