#BTC H4 Update: Range Building Under 87K
After the V-bottom at 74,900, BTC ripped to 87,400 in just a few days. Since then it has been consolidating in a tight range.
📊 The Range
🔴 Resistance: ~87,300 (rejected 3 times)
🔵 Support: ~82,500 (buyers defended repeatedly)
⚪ Now: ~85,450, near the middle
📈 What I'm watching
The lows are getting higher while the top stays flat. That looks like an ascending triangle, which often leans bullish.
🎯 Scenarios
✅ H4 close above 87,400 → possible move toward ~92,000
❌ H4 close below 84,000, then 82,500 → risk of a drop toward ~77,700
Three rejections at 87k means that level is heavily defended. Breakouts often fake out first, so wait for a candle close, not just a wick. The pattern is a probability, not a prediction. The triangle's bias is up, but a failed breakout would flip it.
⚠️ Wait for a candle close, not just a wick. Fakeouts at 87K are possible.
#BTC #BTCUSD #CryptoAnalysis #TechnicalAnalysiss #Binance
After the V-bottom at 74,900, BTC ripped to 87,400 in just a few days. Since then it has been consolidating in a tight range.
📊 The Range
🔴 Resistance: ~87,300 (rejected 3 times)
🔵 Support: ~82,500 (buyers defended repeatedly)
⚪ Now: ~85,450, near the middle
📈 What I'm watching
The lows are getting higher while the top stays flat. That looks like an ascending triangle, which often leans bullish.
🎯 Scenarios
✅ H4 close above 87,400 → possible move toward ~92,000
❌ H4 close below 84,000, then 82,500 → risk of a drop toward ~77,700
Three rejections at 87k means that level is heavily defended. Breakouts often fake out first, so wait for a candle close, not just a wick. The pattern is a probability, not a prediction. The triangle's bias is up, but a failed breakout would flip it.
⚠️ Wait for a candle close, not just a wick. Fakeouts at 87K are possible.
#BTC #BTCUSD #CryptoAnalysis #TechnicalAnalysiss #Binance
