Hello traders! Here’s my technical outlook based on the current BTCUSDT (4H) chart structure. Price previously moved inside a clearly defined descending channel, where sellers remained in firm control and the market consistently printed lower highs and lower lows. This phase was characterized by steady downside continuation, with each rally capped near the channel resistance and followed by renewed selling pressure. Multiple bearish impulses confirmed the dominant trend and reflected sustained distribution. The decline eventually accelerated into a sharp breakdown below the channel structure, where price briefly overshot support and formed a key pivot low. From this point, BTC produced a strong reaction, signaling exhaustion of selling momentum and the beginning of a corrective recovery phase. This rebound brought price back toward a horizontal supply region, where the market entered consolidation and formed a broad trading range, reflecting temporary balance between buyers and sellers.
Currently, BTC is trading between the descending supply line and a rising demand trend line, forming a tightening structure that resembles a compression phase. Price recently attempted to break above the supply line but produced a fake breakout, showing that sellers are still defending the upper boundary. At the same time, the market continues to hold above the 64,800 demand zone, which now acts as a key structural support aligned with the ascending trend line.
My primary scenario remains neutral-to-bearish while price stays below the descending supply line and the 67,700 resistance zone. Continued rejection from this area could push BTC back toward the 64,800 demand level, where a decisive breakdown would confirm bearish continuation and open the path for a deeper move lower. However, if buyers manage to secure acceptance above the supply zone and break the descending resistance structure, this would signal a shift in momentum and increase the probability of a broader upside recovery. For now, the market remains in a compression phase between supply and demand, so patience and confirmation are essential. Manage your risk!
Currently, BTC is trading between the descending supply line and a rising demand trend line, forming a tightening structure that resembles a compression phase. Price recently attempted to break above the supply line but produced a fake breakout, showing that sellers are still defending the upper boundary. At the same time, the market continues to hold above the 64,800 demand zone, which now acts as a key structural support aligned with the ascending trend line.
My primary scenario remains neutral-to-bearish while price stays below the descending supply line and the 67,700 resistance zone. Continued rejection from this area could push BTC back toward the 64,800 demand level, where a decisive breakdown would confirm bearish continuation and open the path for a deeper move lower. However, if buyers manage to secure acceptance above the supply zone and break the descending resistance structure, this would signal a shift in momentum and increase the probability of a broader upside recovery. For now, the market remains in a compression phase between supply and demand, so patience and confirmation are essential. Manage your risk!
Trade ist aktiv
We see that Bitcoin has retested resistance again, but sellers have quickly brought the price back. Therefore, we are waiting for the support retest that we predicted.Trade wurde manuell geschlossen
We see that the symmetrical triangle pattern has broken through upwards, which may be a reason for a trend change.
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🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 t.me/henii_trader
💎 I'm open for cooperation/advertising, not interested in rebate
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 t.me/henii_trader
💎 I'm open for cooperation/advertising, not interested in rebate
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.