Latest Complete Technican
Analysis đđ
Bitcoin is currently experiencing selling pressure after declining from the $80,000â$84,000 region. The key question is whether BTC is approaching a temporary bounce or preparing for another leg down.
1\. Latest BTC market snapshot
Short-term bearish
$76,342
â1.86% · Latest retrieved snapshot
24h high
$78,645
24h low
$75,762
5-day change
â3.66%
Market data updated October 31, 2026. Borearis +1
### 2\. Candlestick chart đ
### Recent daily candles
| Date | Open | High | Low | Close |
| ------ | ------- | ------- | ------- | ------- |
| Oct 27 | $80,804 | $81,721 | $80,284 | $81,254 |
| Oct 28 | $81,256 | $81,897 | $77,717 | $77,806 |
| Oct 29 | $77,800 | $78,645 | $75,762 | $77,132 |
Source: OHLCX Markets
Candlestick interpretation:
* October 28: Large bearish candle, showing strong selling pressure.
* October 29: Continued weakness with a lower low.
* Recent price action: BTC is attempting to stabilize near $76,000â$77,000.
* The structure remains bearish until buyers reclaim important resistance levels.
3\. Support and resistance levels
| Level | Price | Importance |
| ------------ | ------- | -------------------------- |
| Resistance 3 | $85,881 | Major recovery target |
| Resistance 2 | $83,101 | Daily trend reversal level |
| Resistance 1 | $78,578 | Immediate resistance |
| Support 1 | $76,204 | Critical near-term support |
| Support 2 | $74,791 | Next downside target |
| Support 3 | $73,161 | Deeper support
Source: Borearis +1
4\. Technical indicators
RSI (14)
Weak / near oversold
Daily RSI is approximately 32â36. Selling pressure is strong, but a short-term bounce is possible.
Bearish
MACD is below its signal line, indicating negative momentum.
Moving averages
Bearish short-term
BTC is trading below the 20-day and 50-day averages. The weekly trend remains more constructive.
ADX
Weak trend
ADX near 19 suggests the current trend lacks strong directional confirmation.
\. BTC trading scenarios
Bullish scenario đ
Recovery above $78,578
If BTC confirms a 4H candle close above $78,578 with strong volume:
| Target | Price |
| ------ | ------- |
| TP1 | $79,259 |
| TP2 | $80,000 |
| TP3 | $83,101 |
A daily close above $83,101 would provide stronger confirmation of a trend reversal.
Bearish scenario đ
Breakdown below $76,204
If BTC closes below $76,204 on the 4H chart:
| Target | Price |
| ------ | -------------- |
| TP1 | $74,791 |
| TP2 | $73,161 |
| TP3 | $71,000â72,000 |
A sustained daily breakdown below $74,791 would significantly weaken the market structure.
### 6\. Multi-timeframe trend
| Timeframe | Trend | Outlook |
| --------- | ----------------- | ------------------- |
| 15-minute | Bearish | Selling pressure |
| 1-hour | Bearish | Weak momentum |
| 4-hour | Bearish | Lower highs |
| Daily | Bearish | Correction |
| Weekly | Neutral / bullish | Longer-term
Most important levels
* Buyers need to reclaim $78,578.
* Sellers need to break $76,204.
* The major daily reversal level is $83,101.
### My preferred trading plan
* Aggressive long: Look for a bullish reversal candle near $76,200 with confirmation.
* Safer long: Wait for a 4H close above $78,578 and a successful retest.
* Short setup: A confirmed breakdown below $76,204 could open $74,791.
* Risk management: Avoid chasing a large candle; use position sizing and a predefined stop-loss.
Bottom line: BTC is currently bearish on the short-term charts, but momentum is approaching oversold territory. I would watch the $76,200 support zone closely. A strong bullish engulfing candle there could trigger a relief rally, while a breakdown would incre
This is technical analysis, not financial advice. Prices are volatile, and the levels should be checked against live exchange candles before trading.