Following a strong impulsive move, the cryptocurrency market has entered a phase of local consolidation. We analyze the current structure and potential price scenarios for BTC and ETH based on the 4-hour timeframe.
🪙 #bitcoin ($BTC /USD)
Current price: ~$83,383
Bitcoin established a new local high at $87,374 before entering a sideways range (accumulation). The price is currently trading near the lower boundary of this consolidation zone.
Key zones:
Resistance: $86,000 and the target block at $87,374 – $88,813.
Support: $81,266 – $82,000 (previous breakout zone) and the main block at $76,000 – $76,850.
Scenarios:
🟢 Bullish: Holding current levels and breaking out of the sideways range to the upside, aiming to retest $87,374.
🔴 Corrective: A local liquidity sweep with a drop to the $81,200 – $82,000 zone before the trend resumes.
💠 #Ethereum ($ETH /USD)
Current price: ~$2,655
Ethereum continues to show a stable bullish structure, consistently forming higher highs and higher lows. After reaching a local peak of $2,805, the price is currently pausing. Key zones:
Resistance: $2,770 – $2,805.
Support: $2,530 – $2,610 (immediate block) and $2,380 – $2,450 (primary buyer zone).
Scenarios:
🟢 Bullish: Establishing a position above $2,610 and a renewed attempt to break the $2,770 – $2,805 zone.
🔴 Corrective: A pullback toward $2,530 to allow buyers to regroup and to sweep accumulated stop-loss orders.
⚠️ Summary:
The overall trend on the 4-hour chart remains bullish. The current sideways movement is a natural phase preceding the next impulse move. As long as bulls hold the key support zones, the priority remains a resumption of the uptrend.