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$BTC is trading around 74,250 and remains in a clear bullish structure on the 4H chart. Price has broken a descending trendline and is forming higher highs and higher lows. Strong momentum pushed price from the 69kโ70k demand zone toward the 74kโ75k resistance area. Currently, $BTC is testing this key resistance and showing a minor pullback. As long as price holds above the 71kโ72k support zone, the overall trend remains bullish. A clean hold above support keeps upside structure intact on the higher timeframe.
The 71K resistance we discussed yesterday has now been cleanly broken. BTC pushed above the level with strong momentum and is now coming back to retest the breakout zone.
This area is important for the next move.
If 71K holds as support, BTC could continue the move higher toward the 75Kโ79K liquidity area.
However, if the retest fails and price starts holding back below 71K, we could see a deeper pullback toward the 68Kโ69K zone.
For now, the structure looks bullish โ market is simply testing the breakout level.
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