BTC/USDT 4H Chart Review

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BTC/USDT 4H Chart ReviewBitcoin / USD Coin PERPETUAL CONTRACTBINANCE:BTCUSDC.PcryptodailyukπŸ”Ž Context (4H BTCUSDC) Trend: Upward (ascending channel) Current price: ~75k There was a strong impulse to ~77.7k, then a quick drop β†’ classic reaction to resistance πŸ“ˆ What I see on the chart 1. Upward channel Price respects a nice channel Currently, we are in the middle of the channel β†’ no advantage πŸ‘‰ This is a "no trade" zone for the patient 2. Key levels 🟒 Resistance: 77,700 – 78,000 79,700 – 80,000 (HTF resistance) πŸ‘‰ There was aggressive selling here β†’ strong supply πŸ”΄ Support: 74,200 (local support) 71,400 (strong level / breakout of the structure earlier) 3. Price structure Higher lows βœ”οΈ Higher highs βœ”οΈ BUT: Last move = rejection + downward impulse πŸ‘‰ Possible short-term pullback / correction 4. Oscillators Stoch RSI is moving down β†’ downward momentum CHOP: no extreme trend β†’ possible consolidation 🧠 Scenarios 🟒 LONG SCENARIO (more trend-based) Conditions: Defense at 74,200 Reaction to the lower channel line Targets: 77,700 80,000 πŸ‘‰ Ideal entry: lower channel band + support πŸ”΄ SHORT SCENARIO (countertrend / correction) Conditions: Loss at 74,200 Closing Below Targets: 71,400 up to ~69k (if panic) πŸ‘‰ This will be a liquidity flush after the rally