BTCUSD 4H chart
Market Structure
Overall trend still bullish (higher highs & higher lows).
Price is respecting a rising trendline (dynamic support).
Recent move shows a pullback after rejection from highs (~78K).
Indicators
Price dipped below EMA 7 & 21, showing short-term weakness.
Still hovering around EMA 50 (~74.4K) → key support zone.
Key Levels
Support: 73,800 – 74,400 (trendline + EMA 50)
Resistance: 75,200 – 76,500
Major breakout: Above 77,000 → continuation
Current Price Action
Price tapped the trendline + support zone and bounced.
This area is a decision point: hold = bullish continuation, break = deeper pullback.
Scenarios
🟢 Bullish continuation (preferred if support holds):
Hold above 73.8K–74.4K
Move back above 75.2K
Targets: 77K → 79K+
🔴 Bearish pullback:
Break and close below 73.8K
Next downside: 72K → 70K
Key Signal
Strong bounce + reclaim of EMAs = continuation
Clean break of trendline = structure weakening
Simple Summary
Trend: Bullish
Zone: Trendline support
Bias: Buy on support hold, sell if breakdown