BITCOINBTCUSDT 4HR CHART

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BITCOIN BTCUSDT 4HR CHARTBTCUSDT SPOTBYBIT:BTCUSDTShavyfxhubBTCUSDT Analysis – Shavyfxhub Strategy (4H Chart) Market Structure Breakdown Overall Structure: Bitcoin is in a long-term descending channel (red trendlines) since the early 2026 high. The structure shows lower highs and lower lows — bearish market structure on the higher timeframe. Key Levels (Shavyfxhub Style): Supply Roof: 64,830 (clearly marked on the chart as the key resistance / supply zone). Demand Floor: Green zones around 56,000 – 59,000. Multiple RT/SR (resistance turned support / support turned resistance) levels are visible around 66,500 – 68,000 and lower. Short-term ascending channel is forming inside the larger descending structure. Current Price Action: Price is currently testing the 64,830 supply roof. Repeated rejections from the upper red channel and the 64,830 zone. Shavyfxhub Strategy Outlook: Bearish Bias while price remains below the 64,830 supply roof. A strong rejection from 64,830 increases the probability of a move toward the 60,500 target. If price breaks and closes above 64,830 with momentum, the short-term structure would shift bullish toward 66,500 – 68,000. The green demand zones (56k–59k) remain the major support if deeper selling occurs. Verdict: The dominant structure is still bearish. The 64,830 supply roof is the most important level right now. Failure to break it keeps the downside path open toward 60,500 and potentially lower. #BITCOIN #BTCUSDT