BTC H1 – Stuck just below short-term resistance, waiting for confirmation
Current price: 78,465 USD, +0.95% compared with 24 candles ago.
Range of the last 100 H1 candles: from 76,326 USD up to 81,971 USD, but for most of the recent period, the price has been hovering around 77,600–78,100 USD.
Bullish scenario: Holding the 78,100–78,465 USD zone and then breaking above 78,631 USD would open the way to 78,804 USD, followed by 79,272 USD.
Bearish scenario: Losing the 78,100 USD zone would weaken this short-term recovery, and the price could return to 77,620 USD. If it falls further, 76,326 USD is the lowest level in the last 100 candles.
Personal view: I’m in no hurry to conclude that BTC has strongly reversed upward just because the price has edged close to its short-term high. This is where buyers need to prove themselves with a clear candle close above 78,631 USD; otherwise, the price is still just moving sideways within the wider range of 76,326 USD to 81,971 USD.
👇 TRADE BTC HERE 👇
$BTC
Current price: 78,465 USD, +0.95% compared with 24 candles ago.
Range of the last 100 H1 candles: from 76,326 USD up to 81,971 USD, but for most of the recent period, the price has been hovering around 77,600–78,100 USD.
Bullish scenario: Holding the 78,100–78,465 USD zone and then breaking above 78,631 USD would open the way to 78,804 USD, followed by 79,272 USD.
Bearish scenario: Losing the 78,100 USD zone would weaken this short-term recovery, and the price could return to 77,620 USD. If it falls further, 76,326 USD is the lowest level in the last 100 candles.
Personal view: I’m in no hurry to conclude that BTC has strongly reversed upward just because the price has edged close to its short-term high. This is where buyers need to prove themselves with a clear candle close above 78,631 USD; otherwise, the price is still just moving sideways within the wider range of 76,326 USD to 81,971 USD.
👇 TRADE BTC HERE 👇
$BTC
