BTC/USD CHART QUICK ANALYSIS IN ASIA SESSION I 1/2/2026Bitcoin / U.S. dollarBITSTAMP:BTCUSDGeka_Trader1. Price Structure & Trend Short-term Trend: The price is currently in a wide sideways (accumulation) range between $86,800 and $90,400. Triangle Pattern: You have drawn two converging trendlines (a descending resistance and an ascending support). The price is nearing the apex of this pattern, suggesting a strong breakout is imminent. Conflict Zone: Currently, the price is reacting right at the upper diagonal resistance and the VAH zone (Value Area High). 2. Volume Profile Indicators (Right Sidebar) POC (Point of Control - Black line around $87,527): This is the price level with the highest traded volume. If the price drops, this will act as a powerful "magnet" support. VAH ($88,425): The price is struggling to close above this level. If it holds above VAH, the bulls will regain control. VAL ($87,093): Value Area Low. This is the "floor" of the value range where buyers typically step in to buy the dip. 3. Potential Scenarios Scenario 1: Bullish Breakout If the price closes decisively above the descending trendline (around $88,800) with high volume: Target 1: Retest of previous peaks around $89,200 – $89,500. Target 2: Move toward the psychological resistance at $90,000 – $90,400. Condition: We need to see buying pressure push the price out of the blue shaded VAH zone. Scenario 2: Correction to Value Area (Bearish Case) If the price gets rejected at the descending trendline and falls below $88,000: The price will likely gravitate back toward the POC ($87,527). A deeper correction could hit the VAL ($87,100 – $87,200). This remains a solid support zone for potential Long entries. 4. Trading Strategy Current Position: We are at a "crossroads." It is risky to enter a trade right now because the price is tightly compressed within the triangle, which often leads to "stop-hunts" (fakeouts) in both directions. Confirmation Points: Long: Wait for a breakout and a successful retest of the descending trendline. Short: If you see a strong rejection (long upper wick) at the trendline with surging sell volume, you could target the POC. Note: Keep an eye on the timestamp (Jan 2, 2026) and Bitstamp's liquidity as it can lead the market direction.