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#BitcoinBouncesBack
๐ Chart Analysis (BTC/USDT 4H)
Pair: Bitcoin / Tether
The market is still in an uptrend (uptrend) as seen from the red trendline
Several BOS (Break of Structure) have occurred โ indicating buyers are still dominant
A CHoCH (Change of Character) appears in the upper area โ indicating a potential change in direction / retracement
The price is currently retesting the supply zone around 76K โ 78K
There are important zones:
๐ด Supply (strong resistance): 78K
๐ข Demand (strong support): 74K โ 70K
๐ Meaning:
The market is still bullish, but it is pulling back / consolidating before determining the next direction.
$BTC