BTC/USD — 4H Technical AnalysisBitcoin / USDBINANCE:BTCUSDIbrahimTarekCurrent Price: 77,680 The chart shows BTC trading inside a large ascending channel, with price currently performing a retest of the upper breakout area around 79K–80K. The structure remains bullish on the larger 4H setup, but the immediate risk is a rejection from this resistance zone. 🔴 Resistance / Supply Zones R1 — 79,150 First major resistance. A 4H close above this level would improve bullish momentum. R2 — 79,850–80,000 Strong psychological + technical resistance. This is the key breakout-retest zone shown on your chart. Rejection here can initiate the corrective leg. R3 — 82,900 Major upside target/resistance. A confirmed break above 80K would make this the primary bullish target. R4 — 88,000–90,000 Upper-channel resistance / extended bullish target. R5 — 95,000–96,000 Long-term channel top shown on the chart. 🟢 Potential Bounce / Demand Zones Zone 1 — 72,000–73,000 First potential reaction area. If BTC pulls back from 79–80K, this is the first level where buyers could attempt to defend the trend. Zone 2 — 68,000–69,500 Major demand zone This corresponds closely with the rectangle you've drawn and represents the most important retracement area in the current structure. A decline from 77,681 to 69,000 would be approximately −11.2%. Zone 3 — 65,500–66,500 Secondary demand/support. A sustained break below 68K would expose this area. Zone 4 — 59,500–61,000 Major structural support This corresponds to the previous A/C lows and would be the critical level for preserving the broader bullish structure. 📉 Bearish Scenario — Corrective Wave The most logical path from your chart is: 79,150–80,000 rejection ⬇️ 72,000–73,000 ⬇️ 68,000–69,500 ⬇️ Potential strong rebound The 68K–69.5K area is particularly important because it can act as the completion zone of the corrective move before another bullish attempt. Fibonacci-style decline levels from current price 77,680 → 73,000: −6.0% 77,680 → 72,000: −7.3% 77,680 → 69,000: −11.2% 77,680 → 66,000: −15.0% 77,680 → 60,000: −22.8% 🚀 Bullish Scenario If BTC manages to obtain a 4H close above 79,850–80,000 and successfully retests the level as support: Targets: TP1: 82,900 TP2: 88,000–90,000 TP3: 95,000–96,000 The move above 80K would invalidate the immediate bearish-retracement idea and strongly favor continuation toward the upper channel. ⚠️ Key Invalidation Levels Bullish confirmation: 4H close above 80,000 + successful retest. Bearish confirmation: Failure at 79–80K followed by a break below 72K. Major bearish invalidation of the current larger structure: Sustained break below 59,500–60,000. 📊 TradingView-style conclusion BTC/USD 4H remains structurally bullish inside the ascending channel, but price is currently facing a critical 79,150–80,000 resistance/retest zone. A rejection from this area could trigger a corrective move toward 72K first, followed by the major 68K–69.5K demand zone. If buyers defend this zone, BTC could resume the bullish structure toward 80K → 82.9K → 88–90K, with 95–96K representing the upper-channel extension. Bullish trigger: 4H close above 80K. Bearish trigger: loss of 72K. Major demand: 68–69.5K. Major structural support: 59.5–61K. My preferred interpretation of your drawn scenario: the teal projection is technically reasonable — rejection → 69K area → strong bounce → retest 79–80K → breakout attempt toward 83–85K, provided the 68K–69K zone holds.