$BTC 4H chart is showing signs of a potential relief rally inside a larger downtrend channel.
Key observations:
• Price is sitting near the lower boundary of the descending channel around 72.3k–73k
• Bollinger Bands are beginning to expand after compression, often preceding a larger move
• MACD has crossed bullish and histogram momentum is increasing
• Price is attempting to reclaim the middle Bollinger Band near 73.6k
Bullish scenario:
* Hold above 72.3k support
* Break 74.7k resistance
* Move toward 76k–78k (channel midpoint and upper resistance)
Bearish scenario:
* Lose 72.3k support
* Continue following the channel lower
* Retest the low 71k area
Short post:
BTC showing early signs of a relief rally.
• MACD turning bullish 📈
• Price bouncing from channel support
• 72.3k remains the key level to hold
A break above 74.7k could open the door for a move toward 76k–78k.
For now, this looks like a bounce attempt inside a larger bearish channel. Bulls still need confirmation. #BTC #Bitcoin #CryptoTrading