BTCUSDT Trend Support Holds - Push Higher Likely

Apr 21

Hello traders! Here’s my technical outlook based on the current BTCUSDT (4H) chart structure. BTC previously moved under a descending resistance line, confirming bearish pressure. After a breakout from this structure, price found a bottom and entered a consolidation range, signaling accumulation before the next move. Following this, BTC broke out from the range and shifted into an ascending channel. Currently, price is holding above the 75,300 buyer zone and approaching the 78,000 resistance (seller zone), while respecting the rising support line. This indicates continued strength with consolidation below resistance. As long as BTCUSDT holds above the 75,300 support and remains within the ascending channel, the bullish bias remains valid. A breakout above the 78,000 resistance could trigger continuation toward higher levels (TP1). Please share this idea with your friends and click Boost 🚀

Apr 22

Trade closed: target reached

As we can see, our expectations were confirmed quite quickly. There was a correction, after which the momentum went straight to our target. So congratulations!