Elise | BTCUSD – 30M – Range Recovery Structure
BITSTAMP:BTCUSD
After a sharp bearish impulse, BTC formed a base and transitioned into a range-bound corrective phase. Buyers defended demand effectively, but upside continuation remains conditional on holding range support. Current price action suggests accumulation before the next directional move.
Key Scenarios
✅ Bullish Case 🚀 →
If price holds above 76,300 support, a push toward range highs is likely.
🎯 Target 1: 78,800 – 79,200
🎯 Target 2: 79,300 (Range High Liquidity)
❌ Bearish Case 📉 →
Break and close below 76,300 invalidates bullish recovery.
🎯 Downside Target 1: 75,200
🎯 Downside Target 2: 74,900 (Major Demand Zone)
Current Levels to Watch
Resistance 🔴: 78,800 – 79,300
Support 🟢: 76,300 / 75,200 / 74,900
⚠️ Disclaimer: For educational purposes only. Not financial advice.