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