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Bitcoin - Range High Pressure, Expansion or Rejection Ahead
Happy New Year everyone
I hope you all had a great start to the year. I have been offline for a while due to holidays and some personal stuff, but I am back and ready to start posting trade ideas again. Lets kick things off with a fresh look at Bitcoin based on the chart I shared.
Market Overview
Bitcoin has been in a corrective and consolidative phase after the impulsive move down, and price is now trading back into a very clear range. The market structure has shifted from aggressive selling into more balanced, rotational price action, which tells me the market is waiting for a catalyst. Price is currently pushing into the top of this range, an area that has already proven to be meaningful resistance.
Range Structure and Key Zones
The chart shows a well defined range with a clean support zone at the low of the range and a clear resistance zone at the top. These zones have been respected multiple times, which adds confidence to their validity. Right now, price is testing the top of the range, which is the current resistance, and this is where reactions are expected. Until we see a decisive break, this remains a range environment, not a trend.
Bullish Scenario and Expansion Idea
If Bitcoin manages to accept above the top of the range, this opens the door for continuation higher. Of course, we are going to have to break the 100k price range first, but if that happens with strong participation and volume, the potential target marked on the chart becomes realistic. In that case, dips into prior resistance could act as support, and price could start building higher highs and higher lows from there.
Bearish Scenario and Rejection Risk
On the other hand, this area is still resistance until proven otherwise. A rejection from the top of the range would fit pe
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BTCUSDT Long: Uptrend Continues Toward 94,500 Resistance
Hello traders! Heres a clear technical breakdown of BTCUSDT (4H) based on the current chart structure. BTCUSDT initially traded within a well-defined descending channel, reflecting sustained bearish pressure during that phase. This move ended with a clear pivot point, followed by a strong breakout from the descending channel, signaling a shift in market control from sellers to buyers. After this breakout, price transitioned into a broad range, where BTC consolidated for an extended period, showing balance between supply and demand with multiple internal reactions.
Currently, BTC is approaching a key Supply Zone around the 94,500 level, where previous selling pressure is expected to re-emerge. This area aligns with the upper boundary of the ascending channel, increasing the likelihood of a reaction. Below current price, the Demand Zone near 86,800 remains a critical support level, marking the prior breakout area and the base of the bullish structure.
My scenario: as long as BTCUSDT holds above the Demand Zone and stays within the ascending channel, the bullish bias remains intact. I expect price to test the 94,500 Supply Zone, where a reaction or short-term pullback may occur. A clean breakout and acceptance above supply would signal further upside continuation. However, a strong rejection from supply followed by a breakdown below channel support would suggest a deeper corrective move. For now, structure favors buyers while price remains within the ascending channel. Manage your risk!
