Market Structure
A wide descending channel/wedge has been drawn. The price has rebounded strongly from the lower trendline (~78.6k) and has now returned to the upper end of the range.
BTC is currently sitting at:
Local resistance: 81.8k
Dynamic downtrend line
After a very aggressive upward impulse
This area often produces:
either a continuation breakout,
or a fake breakout and a stronger rejection.
Key Levels
Resistance
81.8k — first important resistance
82.7k — main resistance from the chart
84.1k — target if it breaks to the upside
Supports
80.5k
79.7k
78.6k — mega-important bull defense
RSI / Stoch RSI
Stoch RSI
It's very high.
This means:
In the short term, the market is heated,
a local cooldown or sideways move is possible. RSI
RSI is rebounding from neutral levels (~55), so:
Momentum is starting to return to the bulls,
but the uptrend isn't fully dominant yet.
What looks bullish?
✅ Strong rebound from the lower band
✅ Large green impulse candle
✅ Defense of 78.6k
✅ Higher low from the previous low
If BTC closes 4 hours above 81.8k → high chance of:
testing 82.7k
then even 84k+
What looks bearish?
❌ We are still below the downtrend line
❌ Stoch RSI overheated
❌ No full breakout of the structure
If you get a rejection from:
81.8k
or 82.7k
a possible decline to:
80.5k
79.7k
or even 78.6k again
Most likely scenario (currently)
Short term:
BTC could still rise to:
81.8–82.3k
but I would expect a fight there and a possible pullback.
Mid term:
Only a full breakout of:
the trend line
and 82.7k
opens the door to:
84k+
and a potentially new uptrend.
A wide descending channel/wedge has been drawn. The price has rebounded strongly from the lower trendline (~78.6k) and has now returned to the upper end of the range.
BTC is currently sitting at:
Local resistance: 81.8k
Dynamic downtrend line
After a very aggressive upward impulse
This area often produces:
either a continuation breakout,
or a fake breakout and a stronger rejection.
Key Levels
Resistance
81.8k — first important resistance
82.7k — main resistance from the chart
84.1k — target if it breaks to the upside
Supports
80.5k
79.7k
78.6k — mega-important bull defense
RSI / Stoch RSI
Stoch RSI
It's very high.
This means:
In the short term, the market is heated,
a local cooldown or sideways move is possible. RSI
RSI is rebounding from neutral levels (~55), so:
Momentum is starting to return to the bulls,
but the uptrend isn't fully dominant yet.
What looks bullish?
✅ Strong rebound from the lower band
✅ Large green impulse candle
✅ Defense of 78.6k
✅ Higher low from the previous low
If BTC closes 4 hours above 81.8k → high chance of:
testing 82.7k
then even 84k+
What looks bearish?
❌ We are still below the downtrend line
❌ Stoch RSI overheated
❌ No full breakout of the structure
If you get a rejection from:
81.8k
or 82.7k
a possible decline to:
80.5k
79.7k
or even 78.6k again
Most likely scenario (currently)
Short term:
BTC could still rise to:
81.8–82.3k
but I would expect a fight there and a possible pullback.
Mid term:
Only a full breakout of:
the trend line
and 82.7k
opens the door to:
84k+
and a potentially new uptrend.
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.
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.