Price tested the support zone and bounced. Looking for longs from support, targeting a move toward resistance in the coming days. • Support: $0.1580 – $0.1650 • Resistance: $0.2270 – $0.2410
What the chart shows • Strong impulsive sell-off, followed by a descending channel → classic bear flag • Price remains below the Ichimoku cloud → bearish bias intact • Breakdown pressure building near the lower channel boundary • Structure favors continuation, not reversal
Downside Targets • TP1 (near-term): 2,880–2,850 Recent reaction lows + first liquidity/support → good for partials • TP2 (main): 2,700–2,680 Measured move of the flag + strong horizontal support • TP3 (extension): ~2,600 Prior demand + psychological level (only if momentum expands)
Invalidation • Sustained hold above 3,000–3,020, or • Clean reclaim of the channel + Ichimoku cloud
BTC Compressing: Accumulation or Final Shakeout? (45m)
Bitcoin has shifted from an impulsive sell-off into a broad accumulation range, rotating between $88,400–$90,400. The sharp move into $87,800–$88,200 showed sell-side exhaustion, and the strong bounce confirms active buyer defense. Since then, overlapping candles and rejections at both extremes point to balance/accumulation, not immediate continuation.
Structure • Still below the declining EMA → short-term bias remains bearish. • No new lower lows + repeated demand absorption → selling pressure is weakening. • Compression suggests volatility expansion is near.
Key Scenarios • Bullish breakout: Acceptance above $89,000–$89,300 and a break/hold above $90,400 opens $91,200 → $92,800 (HTF liquidity). • Bearish continuation: Clean loss of $88,400 invalidates accumulation → targets $86,900–$86,500.
Bottom Line BTC is coiling after markdown—the market is preparing, not trending. Patience until range breaks; when it moves, expect it to be fast and decisive. $BTC
BTC Compressing: Accumulation or Final Shakeout? (45m)
Bitcoin has shifted from an impulsive sell-off into a broad accumulation range, rotating between $88,400–$90,400. The sharp move into $87,800–$88,200 showed sell-side exhaustion, and the strong bounce confirms active buyer defense. Since then, overlapping candles and rejections at both extremes point to balance/accumulation, not immediate continuation.
Structure • Still below the declining EMA → short-term bias remains bearish. • No new lower lows + repeated demand absorption → selling pressure is weakening. • Compression suggests volatility expansion is near.
Key Scenarios • Bullish breakout: Acceptance above $89,000–$89,300 and a break/hold above $90,400 opens $91,200 → $92,800 (HTF liquidity). • Bearish continuation: Clean loss of $88,400 invalidates accumulation → targets $86,900–$86,500.
Bottom Line BTC is coiling after markdown—the market is preparing, not trending. Patience until range breaks; when it moves, expect it to be fast and decisive. $BTC