*Overview:*
BTC is currently trading within a rising parallel channel, indicating a short-term bullish structure after rebounding from the major demand zone near 66,000. The price has been forming higher highs and higher lows, suggesting that buyers are gradually gaining control of the market. Recently, BTC faced minor rejection near the upper boundary of the channel and is now experiencing a small pullback while still maintaining its bullish structure within the channel.
Key Levels:
R1: 71,288
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