Bitcoin is currently trading inside a well-defined ascending channel on the 4H timeframe, consistently respecting both trendlines with multiple higher highs and higher lows.
Recently, price tapped the upper boundary of the channel and faced strong rejection, followed by a sharp move back toward the mid-range. The current structure shows weakening bullish momentum as price struggles to hold above the channel support.
A potential breakdown scenario is forming:
- Price is testing the lower trendline support
- Multiple rejections from the upper boundary indicate seller pressure
- Current candle shows bearish intent near support (circled area)
Key Levels:
- Resistance: 79,000 – 80,000 zone (channel top)
- Support: 77,500 (channel base)
- Breakdown confirmation below support could trigger a move toward 66,000 – 65,800 region
Trade Idea:
-Bearish bias if price breaks and closes below channel support
- Target: Lower demand zone (~65K region)
- Invalidation: Strong reclaim and hold above 79K
Conclusion:
As long as BTC remains inside the channel, structure is bullish. However, a confirmed breakdown could shift momentum to the downside, offering a high-probability short opportunity.
Cheers
Hexa
Recently, price tapped the upper boundary of the channel and faced strong rejection, followed by a sharp move back toward the mid-range. The current structure shows weakening bullish momentum as price struggles to hold above the channel support.
A potential breakdown scenario is forming:
- Price is testing the lower trendline support
- Multiple rejections from the upper boundary indicate seller pressure
- Current candle shows bearish intent near support (circled area)
Key Levels:
- Resistance: 79,000 – 80,000 zone (channel top)
- Support: 77,500 (channel base)
- Breakdown confirmation below support could trigger a move toward 66,000 – 65,800 region
Trade Idea:
-Bearish bias if price breaks and closes below channel support
- Target: Lower demand zone (~65K region)
- Invalidation: Strong reclaim and hold above 79K
Conclusion:
As long as BTC remains inside the channel, structure is bullish. However, a confirmed breakdown could shift momentum to the downside, offering a high-probability short opportunity.
Cheers
Hexa
🚀Telegram : t.me/hexatrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
🚀Telegram : t.me/hexatrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.