Bitcoin

BTC/USD 4H Chart Review

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🔎 Market Structure

Medium-term trend: up

The price is moving within an ascending channel (the lower and upper limits are nicely respected).

Last move = upward impulse from a consolidation breakout.

📈 Current Situation

The price has broken out above key resistance at ~94,600 USD (red line)

We are currently in the 97,500–98,200 USD zone (local resistance).

This is the first test of this zone from below → a natural place for reaction.

🟩 Key Levels
Resistance

98,200–98,300 USD – local resistance (green line)

103,800 USD – main channel target / ATH region

Supports

94,600 USD – most important support (flip from resistance)

89,400 USD – middle of the structure + previous accumulation

Lower channel boundary ~87–88k USD – last defense

📊 MACD

Strong bullish crossover

The histogram is rising → upward momentum is accelerating

No downward divergence (on (for now)

➡️ This supports continued growth, not a reversal.

🧠 Scenarios
🟢 Baseline scenario (most likely)

Short consolidation/pullback

Retest of USD 94,600–95,000

Continuation up → 98k → 100k → 103–104k

🟡 Alternative scenario

Rejection of USD 98k

Drop to USD 89,400

Still uptrend as long as the channel holds

🔴 Bullish negation

4-hour close below 89,400

Then the structure breaks down → drop to 86–84k

Feragatname

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