Price is maintaining strength after a steady expansion, with the latest push forming a new high and holding near the top of the range. The pullbacks are shallow, which signals buyers are still in control and not allowing deeper retracements. Momentum remains strong, and the structure is clearly trending higher highs and higher lows are intact. The current consolidation near highs suggests continuation rather than exhaustion, as price is not rejecting aggressively. Volume behavior supports this move, showing consistent participation during both impulses and pullbacks. Right now, this is a continuation phase within an established uptrend. Key Levels Support: 4,720 – 4,750 Resistance: 4,845 / 4,900 / 5,000 Holding above support keeps the trend intact and favors further upside expansion. A breakdown below support would be the first sign of weakness and potential structure shift. Trading Plan Entry: 4,750 – 4,800 SL: 4,680 TP: 4,845 / 4,900 / 5,000 This is not a reversal setup. It’s trend continuation confirmation comes with sustained strength above current highs.
BTC pushed into the 73.8K highs but saw a sharp rejection, followed by a strong downside move that broke short-term structure. The shift from higher highs into aggressive selling shows clear distribution at the top.
Since the drop, price has been forming lower highs and struggling to reclaim strength. The bounce attempts are weak, with sellers stepping in consistently indicating bearish control on the lower timeframe.
Momentum has clearly flipped. What was expansion is now turning into a corrective phase.
⚡ Holding above 69.5K may allow for stabilization and range formation. ⚠️ Failure to reclaim 71.6K keeps pressure on the downside and favors continuation lower.
Short-term bearish structure watch for rejection at resistance or a breakdown toward lower support.