Hello traders! Here’s my technical outlook on BTCUSD (3H) based on the current chart structure. Bitcoin previously traded within a broader bullish context, supported by a rising trendline and a well-defined Buyer Zone around the 88,300–88,600 area. After a strong impulsive move higher, price entered a consolidation range and later formed a corrective descending channel, signaling a temporary pause in bullish momentum rather than an immediate trend reversal. During this correction, multiple fake breakouts occurred near the channel boundaries, highlighting indecision and liquidity grabs on both sides of the market. Recently, BTC broke below the descending channel support and briefly dipped into the Buyer Zone, where buyers reacted and defended the level. This area aligns with a key Support Level and prior structure, making it a critical demand zone to watch. The current price action suggests a corrective pullback within the larger structure, as the move down lacks strong impulsive continuation. Above price, the market is capped by the Seller Zone and Resistance Level around 90,500, which coincides with a previous breakout area and the underside of the former range. My scenario: as long as BTC holds above the 88,300 Buyer Zone and maintains higher lows from this support, the broader bullish structure remains valid. A sustained reaction from demand could lead to a recovery move toward the 90,500 Resistance Level (TP1). Acceptance and a clean breakout above this level would signal renewed bullish strength and open the path for continuation higher. However, a decisive breakdown and acceptance below the Buyer Zone would invalidate this scenario and increase the probability of a deeper corrective move toward lower support levels. For now, price is at a key decision point, with buyers and sellers actively battling for control. Please share this idea with your friends and click Boost
BTC
88,882.73
-0.96%