Bitcoin Remains Within a Bullish RangeBitcoin / US DollarCOINBASE:BTCUSDNouzTraderAt the macro level, the H4 structure remains in a Strong Bullish Expansion phase, following a massive impulsive rise that established a new peak (Higher High) around 82,261.00. The recent decline from that peak represents a structural correction (pullback) that has held above the previous consolidation/SBR area. BTCUSD At the 78,717.28 price level, H4 candle movements indicate a sideways consolidation phase (compression). A series of candles with relatively small bodies and wicks on both sides is visible, signaling that the price is consolidating above the local Demand defense zone of 76,000.00 – 77,000.00 (middle gray box). --------------------------------------------------------------------------------------------------------------- ✅ Key Zones: - Resistance / Supply Zone: The 80,400.00 – 80,800.00 range (nearest local Supply area) and the 82,000.00 – 82,261.00 range (upper gray box / peak of the Major Supply Zone). - Support / Demand Zone: The 76,000.00 – 77,000.00 range (middle gray box / Major Demand Zone where the pullback is holding) and the 72,000.00 – 72,800.00 range (lower gray box / historical Demand). --------------------------------------------------------------------------------------------------------------- ✅ Orderflow / Volume Profile (VPVR) Analysis The Volume Profile histogram on the right side of the chart provides a highly precise map of institutional liquidity: - ⚡High Volume Node (HVN) / Local Point of Control (POC): A significant accumulation of volume is visible in the 78,500.00 – 79,500.00 range (indicated by the longest histogram protrusion right at the current price area). This indicates that 78,717.28 is a Fair Value Area where order flow re-accumulation is taking place. - ⚡Lower Volume Node Support: Directly below the current price (76,800.00 – 77,500.00), there is a significant volume cluster—a "thick wall"—coinciding with the gray Demand box. The presence of this lower High Volume Node (HVN) wall limits the potential for a deeper decline, as institutional buy limit orders (buying limit absorption) are accumulating in that area. - ⚡Upper Low Volume Node (LVN) / High-Speed Zone: Above the 80,000.00 level, extending toward the 82,261.00 peak, the volume histogram shows a contraction (volume vacuum). If buyers can push the price out of the HVN consolidation zone above 79,800.00, the movement is projected to accelerate rapidly through this LVN zone. --------------------------------------------------------------------------------------------------------------- ✅ Elliott Wave Analysis Mapping the wave cycle movement on the H4 timeframe: - ⚡Wave Structure: The vertical impulsive rally from the 70,000s toward the 82,261.00 peak is calculated as an impulsive Wave 3 (or a macro Wave A) movement. - ⚡Current Status: The gradual decline from 82,261.00 to the current 78,717.28 area is identified as the formation of Wave 4 (Corrective Wave), characterized by a shallow/sideways consolidation. - ⚡Projection: Theoretically, the Wave 4 correction is projected to be in its final completion phase above the Demand floor (76,800.00 – 77,500.00). Once the order flow energy has fully accumulated, the market is projected to launch a final impulsive expansion—Wave 5—to break past the 82,261.00 peak and target a new all-time high. --------------------------------------------------------------------------------------------------------------- The overall bias for BTCUSD on the H4 timeframe, based on structure and order flow, is BULLISH. The subsequent price movement is projected to continue the upward trend (breakout), targeting the 80,800.00 – 82,261.00 peak zone, with potential for further expansion toward the 85,000.00+ psychological level.