BTC/USDT 4H Chart Review

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BTC/USDT 4H Chart ReviewBitcoin / TetherKUCOIN:BTCUSDTcryptodailyukπŸ“Š Current Situation Price: ~71k Market in a range (consolidation) between: πŸ”΄ 65.3k – 68.2k (strong support) ⚫ 71.8k (local resistance) 🟒 74k+ (higher resistance/breakout level) πŸ‘‰ Structure: higher lows (local uptrend), but… no breakout πŸ“ˆ What I see technically 1. Trend You have an uptrend after the low (~65k) – the trend line (orange) is holding BUT: price is starting to make lower highs at 74k β†’ weakening momentum 2. Key Levels πŸ”Ό Resistance: 71.8k – currently struggling 74k – very important (rejection already) 76k – 77.6k – breakout zone (if it goes stronger) πŸ”½ Support: 70.3k – first support (already tested) 68.2k – key 65.3k – last line of defense of the trend 3. Indicators πŸ”΅ Stoch RSI: in the oversold zone (low) πŸ‘‰ possible short upward bounce πŸ”΅ MACD: bearish crossover + red histogram πŸ‘‰ downward momentum is increasing βš–οΈ Scenarios 🟒 LONG SCENARIO (riskier now) Condition: holding 70k – 70.3k Targets: 71.8k 74k πŸ‘‰ this is more of a short-term bounce, not a full trend πŸ”΄ SHORT SCENARIO (stronger now) Condition: breakout of 70k down Targets: 68.2k 65.3k πŸ‘‰ MACD + structure suggest a greater chance of this Scenario πŸš€ BULLISH SCENARIO (only after a breakout) Condition: Breakout and maintenance above 74k Target: 76k+ 77.6k