Bitcoin Trend Analysis Today

The daily chart shows three consecutive days of gains, while the hourly chart shows steady growth within a channel. While it broke through 116,600 points on Friday, it failed to continue. The BTC trend is shifting, and buying on pullbacks is the primary strategy.

A short-term pullback below the channel’s centerline at 115,500 points presents a good opportunity to go long. Set a stop-loss below the lower channel line at 113,800 points, with a target price of 117,200-119,000 points!