BTCUSDT – Range Formation Below ResistanceBitcoin / TetherUSBINANCE:BTCUSDTGoldenWave_AnalyticsBitcoin is currently consolidating after a strong upward move, transitioning into a short-term range on the 1H timeframe. Price action shows a clear structure forming between a defined resistance and support zone. The resistance level around 79,400–79,500 has been tested multiple times, with sellers consistently stepping in. On the downside, the 76,900–77,000 area is acting as support, where buyers have shown interest. At the moment, price is moving sideways within this range, suggesting a temporary balance between buyers and sellers. The highlighted structure reflects a potential accumulation or distribution phase. Scenarios to watch: A break and hold above resistance could open the path for further upside continuation. A break below support may lead to a deeper pullback and shift in short-term momentum. Continued consolidation inside the range remains possible until a clear breakout occurs. Key Levels: Resistance: 79,400 – 79,500 Support: 76,900 – 77,000 Note: This analysis is based purely on price action and key levels. No guarantees on market direction—always wait for confirmation.