Hello traders! Here’s a clear technical breakdown of BTCUSDT (2H) based on the current chart structure. Bitcoin previously traded within a well-defined consolidation range, where price moved sideways for an extended period. This ranging phase reflected a temporary balance between buyers and sellers and allowed liquidity to build above and below the range boundaries. Eventually, this equilibrium resolved to the downside, triggering a strong bearish impulse. After the range breakdown, BTC entered a clean descending channel, characterized by consistent lower highs and lower lows. Price respected both the upper and lower channel boundaries well, confirming controlled bearish pressure rather than emotional selling. This structured decline indicates that sellers remained in control while buyers were only able to generate short-lived pullbacks. The bearish move culminated at a clear pivot low, where selling momentum exhausted and aggressive buyers stepped in. From this pivot point, Bitcoin produced a sharp bullish reaction, breaking decisively above the descending channel, which marked a meaningful structural shift from bearish continuation to recovery. Following the breakout, price impulsively rallied and reclaimed key levels before reaching the Supply Zone around 71,700, where bullish momentum temporarily stalled. This level acted as a logical resistance, leading to a pullback.
Currently, BTC is consolidating above the Demand Zone and along the rising demand line, suggesting that the retracement is corrective rather than the start of a new bearish trend. Multiple reactions from this demand area indicate active buyer interest and defense of the level, reinforcing the idea of a developing higher-low structure. As long as price holds above the Demand Zone and respects the rising demand line, the broader bias remains cautiously bullish.
My primary scenario favors upside continuation after consolidation. A sustained hold from demand opens the door for a renewed push toward the 71,700 supply level (TP1), which represents the first major upside target and a logical area for partial profit-taking. A clean breakout and acceptance above this supply zone would confirm bullish continuation and signal potential expansion toward higher highs. Conversely, a decisive breakdown below the Demand Zone and loss of the rising demand line would invalidate the bullish recovery scenario and suggest a deeper corrective move. Until such confirmation appears, the current market structure points to balance with a bullish continuation bias from demand. Manage your risk!
Currently, BTC is consolidating above the Demand Zone and along the rising demand line, suggesting that the retracement is corrective rather than the start of a new bearish trend. Multiple reactions from this demand area indicate active buyer interest and defense of the level, reinforcing the idea of a developing higher-low structure. As long as price holds above the Demand Zone and respects the rising demand line, the broader bias remains cautiously bullish.
My primary scenario favors upside continuation after consolidation. A sustained hold from demand opens the door for a renewed push toward the 71,700 supply level (TP1), which represents the first major upside target and a logical area for partial profit-taking. A clean breakout and acceptance above this supply zone would confirm bullish continuation and signal potential expansion toward higher highs. Conversely, a decisive breakdown below the Demand Zone and loss of the rising demand line would invalidate the bullish recovery scenario and suggest a deeper corrective move. Until such confirmation appears, the current market structure points to balance with a bullish continuation bias from demand. Manage your risk!
Trade attivo
We see that Bitcoin entered the sellers' zone but could not hold out for long, which indicates the activity of sellers at this level. We will continue to observe, perhaps another correction will provide fuel for a breakdown of this level.Trade chiuso manualmente
We see that Bitcoin has dropped again to retest the support line. So the further price depends on whether buyers can give momentum again.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.