BTC 4H Chart Review1. Market Structure: Rising Channel (Upward Wedge / Rising Channel)
The chart clearly shows that BTC is moving within an ascending channel, with:
the upper boundary around USD 95,000–95,500,
the lower boundary currently reaching USD 86,500–87,000.
This is a potentially exhausting formation, and lower breakouts are often dynamic.
2. Current Situation: Rebound from the upper band and Stoch RSI overbought → decline
The price has stopped exactly at the upper resistance of the channel and has begun a correction.
This is typical behavior – the market usually returns to the middle or lower edge of the channel.
Stoch RSI on 4H – has made a strong reversal from the overbought zone
→ a signal for a short-term correction has already been generated.
3. Support Levels (most important):
🔴 USD 90,500–90,000
A very important zone – previous resistance ⇒ now support.
Breakout = increased risk of a deeper breakout.
🔴 USD 88,500–88,000
A strong demand level for the 4-hour period, also aligned with the MA and local lows.
🔴 USD 86,500–87,000
The lower band of the channel – the most likely place for buyers to become active.
4. Resistance Levels:
🟢 USD 94,800
Previous local high – a breakout will be bullish.
🟢 USD 98,000–98,900
Strong resistance on the chart, likely target after a breakout of the channel to the upside.
5. Scenarios for the coming hours:
📉 Correction scenario (more likely based on the Stoch RSI)
The price could fall to one of the following zones:
92,000 → test in progress
90,500–90,000 USD → main market decision level
If it loses 90,000 → a move to 88,500–88,000 is natural.
Deeper correction: test of the lower channel line – ~86,500 USD.
In this scenario, we remain in an uptrend unless the channel breaks below.
📈 Uptrend scenario
The current decline could only be:
a local correction,
a retest of the previous demand zone.
Uptrend condition:
➡️ 4-hour candlestick retracement and close above ~94,000 USD.
Then the target:
94,800
95,500
and after the channel breakout → $98,000–$99,000
