Daily Analytics

Hello traders! Here is my technical outlook based on the current BTCUSDT (3H) chart structure. Bitcoin previously traded inside an ascending channel. After breaking above the channel resistance, price entered a consolidation range near the 79,000 buyer zone before continuing its bullish movement. Currently, BTCUSDT is trading below the 82,000 seller zone while holding above the 78,800 support level. Price recently bounced from the descending resistance line but failed to secure a breakout above the resistance structure, signaling that sellers remain active near the upper boundary of the pattern. As long as BTCUSDT remains below the 82,000 resistance level and continues to respect the descending resistance line, the bearish correction scenario remains valid. A rejection from this area could push price toward the 78,800 support zone (TP1). Please share this idea with your friends and click 👍