Technical Analysis for BTC/USD (1-hour timeframe) I 12/30Bitcoin / U.S. dollarBITSTAMP:BTCUSDGeka_TraderTrend and Price Structure Short-term Trend: The price is in a downswing after peaking around the 90,000 area. Structure: The price has recently broken above the Down Trendline. However, after the breakout, the price has not surged strongly and is instead moving sideways near the short-term bottom, indicating indecision between buyers and sellers. Key Volume Profile Zones The chart clearly displays resistance and support levels based on liquidity: Demand zone: Located far above around the 90,193 level. This was the starting point of the downward move and now serves as a distant target if a strong recovery occurs. VAH (Value Area High) - 88,289: This is the first major resistance level. For a bullish reversal to be confirmed, the price must break and close above this zone. POC (Point of Control) - 87,236: The current price (87,160) is sitting just below the POC. This area has the highest concentration of trading volume and acts as a price magnet. The fact that the price is below the POC suggests sellers still have a slight advantage. VAL (Value Area Low) - 86,869: This is the immediate support level. The price has shown rejection wicks here, indicating buying interest at this lower range. Future Scenarios Recovery Scenario: If the price maintains the VAL (86,869) and climbs above the POC (87,236), the short-term target will be the VAH area around 88,289. Continuation Scenario: If a 1-hour candle closes below the 86,869 level, the downward momentum will likely expand to seek lower support levels further down the chart. Summary BTC is currently consolidating within a narrow range between 86,869 and 87,236. You should wait for a clear candle close outside of this range to determine the next direction.