Technical analysis by BTCETH2X about Symbol BTC on 7/29/2025

#BTC Update #11 – July 29, 2025 Bitcoin continues to move within the channel and has completed several corrections of its last impulsive move. It is currently undergoing a correction within a correction. There was a liquidation zone around the $117,000 level, which was mostly filled, triggering a reaction. From what we can observe now, Bitcoin is facing rejection from the upper boundary of the channel. If it manages to break out of the channel and continue its climb, I believe it will target the high liquidity zone near $122,000. At this stage, Bitcoin is not in a suitable position for either long or short trades.