Bitcoin Analysis: Rebound From 75,500 Demand Zone Toward 78,800

May 19

Hello traders! Here’s my technical outlook based on the current BTCUSDT (4H) chart structure. BTCUSDT previously traded inside a range before breaking out and entering an ascending channel. After reaching the upper boundary of the channel, price broke below the structure and shifted into a consolidation phase. Currently, BTCUSDT is trading above the 75,500 buyer zone, which acts as key support, while remaining below the 78,800 seller zone that now serves as the main resistance area. Price recently declined from the descending resistance line and is retesting the ascending support line, signaling that buyers are attempting to defend the current structure. As long as BTCUSDT holds above the 75,500 support zone and respects the ascending support line, the bullish scenario remains valid. A rebound from this area could push price toward the 78,800 resistance zone (TP1). Please share this idea with your friends and click "Boost" 🚀

May 20

Trade active

There was a small correction, smaller than I expected. And the price gradually started to recover. Let's see if we can reach our level!