If Bitcoin holds short-term support, the rebound structure remains intact! 📈
Looking at the 4-hour chart, Bitcoin's price remains in the higher range of its upward structure after rebounding from the April lows. Although BTC has pulled back from recent local highs, it hasn't broken below key support levels. The current $74,917 is a key level to watch for the continuation of the current bullish structure. As long as the price stays above this level, the existing rebound path remains valid. If it breaks upwards, the first major resistance level shown on the chart is around $81,960. Higher upside targets are around $83,582, $85,529, and $88,621. 🚀
However, BTC has not yet completed a valid breakout. The price is still trading below near-term resistance, and in the short term, it appears to be consolidating before further directional decisions. ⏳ A break below $74,917 would significantly weaken the current structure, and the market might turn its attention to lower support levels. As long as buying pressure can maintain its defense in this area, the price has a chance to continue its upward correction. If the rebound continues, the next key level is around $82,200; a further break above this level could target $85,030. 📊
The next support zone is between $78,762 and $76,527. A pullback to this range would indicate a weakening of the current short-term bullish structure, shifting market focus from a continuation of the rebound to a more significant correction. Support levels to watch are $73,357, followed by $71,284, with a lower support zone at $68,433. 🛡️
Looking at the 4-hour chart, Bitcoin's price remains in the higher range of its upward structure after rebounding from the April lows. Although BTC has pulled back from recent local highs, it hasn't broken below key support levels. The current $74,917 is a key level to watch for the continuation of the current bullish structure. As long as the price stays above this level, the existing rebound path remains valid. If it breaks upwards, the first major resistance level shown on the chart is around $81,960. Higher upside targets are around $83,582, $85,529, and $88,621. 🚀
However, BTC has not yet completed a valid breakout. The price is still trading below near-term resistance, and in the short term, it appears to be consolidating before further directional decisions. ⏳ A break below $74,917 would significantly weaken the current structure, and the market might turn its attention to lower support levels. As long as buying pressure can maintain its defense in this area, the price has a chance to continue its upward correction. If the rebound continues, the next key level is around $82,200; a further break above this level could target $85,030. 📊
The next support zone is between $78,762 and $76,527. A pullback to this range would indicate a weakening of the current short-term bullish structure, shifting market focus from a continuation of the rebound to a more significant correction. Support levels to watch are $73,357, followed by $71,284, with a lower support zone at $68,433. 🛡️
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Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.