Hello traders! Here’s my technical outlook based on the current BTCUSDT (4H) chart structure. Bitcoin previously traded within an ascending channel, confirming strong bullish momentum. After a period of consolidation, price found a bottom at a pivot point and continued its upward movement within a new ascending channel.
Currently, price is holding above the 77,000 demand zone, which acts as key support, while approaching the 79,800 supply zone. A recent breakout and retest confirm buyer strength, while the channel structure continues to support price from below.
As long as BTCUSDT holds above the 77,000 support and respects the ascending channel, the bullish bias remains valid. A continuation from this zone could push price toward the 79,800 resistance (TP1). Manage your risk!
Currently, price is holding above the 77,000 demand zone, which acts as key support, while approaching the 79,800 supply zone. A recent breakout and retest confirm buyer strength, while the channel structure continues to support price from below.
As long as BTCUSDT holds above the 77,000 support and respects the ascending channel, the bullish bias remains valid. A continuation from this zone could push price toward the 79,800 resistance (TP1). Manage your risk!
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🔶 Free telegram channel👉 t.me/heniitrading
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 t.me/henii_trader
💎 I'm open for cooperation/advertising, not interested in rebate
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 t.me/henii_trader
💎 I'm open for cooperation/advertising, not interested in rebate
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.