BTC weekly four consecutive bullish candles pattern. This week’s bullish candle is expected to continue, trading above the middle band of the rising channel, with the overall weekly chart forming an oscillating upward structure. Currently, resistance is around 79,500 in the previous high area (channel upper band pressure). If price breaks and holds above 79,500, it may rise to the 82,000–84,000 range (FVG gap + double-line reversal target). The weekly indicators MACD show a golden cross; RSI and CCI show a bullish crossover that has turned stronger, maintaining a long bias.



On the daily chart, yesterday’s large bullish candle surged toward the 79,500 area and then pulled back, indicating that 80,000 is a strong resistance test zone. The current price is still near the channel’s middle band at 77,500. If it holds here, it may continue to push higher. The key resistance above is 79,500 (previous high resistance). A break would create further upside room toward the 80,500–82,500 upper band area. The key support below is 76,000 (lower band + W-bottom institutional support). As long as it does not fall below, the oscillating upward structure remains in play (currently in a high-level consolidation phase after the rise). Daily MACD and CCI show signs of dulling; watch for downward corrections. In the short term, focus on the 4-hour level—short-term opportunities are to be taken when they arise.
BTC-0.91%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin