#BitcoinBouncesBack


📊 Bitcoin/USDT Analysis (4H)
The current market structure remains bullish after the formation of a Break of Structure (BOS) followed by a Change of Character (CHoCH) as confirmation of a shift in momentum to buyers.
Price has retested the demand zone (around 74K) and successfully rebounded, indicating that this area still acts as strong support.
Currently, the price is in a strong supply/resistance zone around 78K, which serves as the decision zone for the next movement.
🔎 Main Scenario
Bullish:
If the price breaks and closes above 78K, there is a high chance of continuing the upward trend to the 80K – 82K (higher high) area.
Bearish (Healthy retracement):
If rejection occurs at 78K, the price is likely to drop back to:
76K (minor support)
74K (major demand zone)
📌 Conclusion
The trend is still upward, but the current position is not an ideal entry area without confirmation because it is at resistance. It is safer to wait for a clear breakout or rejection.
$BTC ‌.
BTC3.72%
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