btc on dailys
Current price: around $65,120
You have identified three important structures:
Major lower support — $58,000
Strong historical reaction zone.
This was the major bottom of the current range.
Your analysis treats this as the deeper support/invalidation area.
Intermediate support — $62,000
Price has reacted around this level several times.
More importantly, your rising trendline is now coming into this area.
So $62K is your key near-term support.
Resistance — $66,500–$67,500
This is the first major supply/resistance zone.
Price has already rejected around this area multiple times.
Therefore, this is the first major breakout level.
Above that, you've marked another major resistance zone around $73,500–$74,500.
🟢 Your bullish plan
Your green arrows show a fairly clear scenario:
$65K → $66.5–67.5K → breakout/retest → $69K → $74K
You're expecting BTC to continue making higher lows along the rising trendline.
The structure you're drawing is essentially:
Higher lows + horizontal resistance = ascending triangle/compression
Your plan appears to be:
Step 1
Price holds the rising trendline / $62K area.
Step 2
Price pushes back toward $66.5–67.5K resistance.
Step 3
Price breaks above that resistance.
Step 4
A pullback/retest occurs.
Step 5
If the breakout holds, you expect continuation toward approximately $69K, followed by:
🎯 Major target: $73.5–74.5K
That's what your large green arrow is showing.