Description:
This 4-hour chart of Bitcoin shows price approaching a well-defined ascending channel resistance zone around $76K–$78K. After multiple higher highs and higher lows, BTC is now testing a critical “strong resistance” area, with signs of potential rejection.
If price fails to break above this zone, a pullback toward the $70K “strong support” region becomes likely, aligning with the mid-range structure of the channel. The chart highlights a possible short-term bearish correction before any continuation trend.
Traders should watch for confirmation:
Breakout above resistance → bullish continuation
Rejection at resistance → retracement toward support
Overall structure remains bullish, but short-term pressure is building near resistance
Not financial advice
This 4-hour chart of Bitcoin shows price approaching a well-defined ascending channel resistance zone around $76K–$78K. After multiple higher highs and higher lows, BTC is now testing a critical “strong resistance” area, with signs of potential rejection.
If price fails to break above this zone, a pullback toward the $70K “strong support” region becomes likely, aligning with the mid-range structure of the channel. The chart highlights a possible short-term bearish correction before any continuation trend.
Traders should watch for confirmation:
Breakout above resistance → bullish continuation
Rejection at resistance → retracement toward support
Overall structure remains bullish, but short-term pressure is building near resistance
Not financial advice
Professional Trader | Price Action & Risk Management. Sharing clear trade ideas. Consistency over hype.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Professional Trader | Price Action & Risk Management. Sharing clear trade ideas. Consistency over hype.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.