$BTC TECHNICAL ANALYSIS â 22 AUGUSTđ
Bitcoin is showing a strong bullish structure on the 1H chart, but price is currently consolidating just below the $78,300 Weak High.
đ Market Structure BTC has printed multiple BOS (Break of Structure) during the recent rally, confirming strong buying momentum.
đŻ Key Resistance $78,300â$78,500
A clean breakout and 1H acceptance above this zone could support further upside.
đ” Immediate Demand $76,000â$77,000
Holding this zone keeps the short-term bullish structure intact.
đĄïž Major Support $74,500â$75,500
A deeper pullback into this area could attract buyers again.
â ïž Watch Out BTC is near resistance, so chasing entries can be risky. Better to wait for breakout confirmation or a pullback into demand.
đ„ Overall Bias: BULLISH đą
#BTC #Bitcoin #Crypto
Bitcoin is showing a strong bullish structure on the 1H chart, but price is currently consolidating just below the $78,300 Weak High.
đ Market Structure BTC has printed multiple BOS (Break of Structure) during the recent rally, confirming strong buying momentum.
đŻ Key Resistance $78,300â$78,500
A clean breakout and 1H acceptance above this zone could support further upside.
đ” Immediate Demand $76,000â$77,000
Holding this zone keeps the short-term bullish structure intact.
đĄïž Major Support $74,500â$75,500
A deeper pullback into this area could attract buyers again.
â ïž Watch Out BTC is near resistance, so chasing entries can be risky. Better to wait for breakout confirmation or a pullback into demand.
đ„ Overall Bias: BULLISH đą
#BTC #Bitcoin #Crypto