BTCUSD | Technical Analysis
Market Overview
BTCUSD is currently trading in a short-term recovery phase following a sharp selloff that pushed price into a major daily demand zone. After establishing a base, BTC has rebounded strongly and is now consolidating just below a key resistance area.
Despite the recent upside momentum, the broader daily trend remains neutral-to-bearish, as price is still capped below previous breakdown levels. The current move appears constructive, but confirmation is still required.
Trend & Structure
- Daily timeframe:
The market structure remains weakened after breaking below prior bullish support. Price is forming a range between major support and resistance, suggesting consolidation rather than trend continuation. - H4 timeframe:
BTC is attempting to form a higher low, signaling improving momentum. However, price is still trading below a key H4 resistance zone, keeping upside capped for now. - Lower timeframes (H1-M15):
Bullish momentum is visible with higher lows and strong impulsive candles, but recent price action shows slowing momentum, indicating possible short-term consolidation or pullback.
Key Resistance Levels
Bitcoin is currently facing strong resistance at:
- $89,800 – $90,200
This zone aligns with:
- Previous breakdown structure
- Psychological $90,000 level
- Overhead supply from prior selloff
A clean break and hold above $90,200 would improve the bullish outlook and open the door toward:
- $92,000
- $94,000 (next major H4 resistance)
Key Support Levels
Immediate support is located at:
- $88,000 – $87,500
This area represents:
- Recent breakout base
- Short-term demand and moving average support
If price fails to hold above $87,500, downside risk increases toward:
- $86,200
- $84,800 (major daily support)
A break below $86,200 would invalidate the current recovery structure.
Expectations
Bullish Scenario (Continuation)
- Price holds above $87,500
- Break and acceptance above $90,200
- Targets:
- $92,000
- $94,000
This scenario requires strong momentum and volume expansion.
Bearish Scenario (Rejection / Pullback – Still Possible)
- Failure to break $90,200
- Rejection followed by a drop below $87,500
- Targets:
- $86,200
- $84,800
Overall Outlook
Bitcoin is in a recovery phase within a broader corrective structure. While short-term momentum favors the bulls, the market has not yet confirmed a full trend reversal.
Price action between $87,500 support and $90,200 resistance will be decisive. A breakout favors continuation, while rejection keeps BTC range-bound with downside risk still present.
