$BTC โ is pressing against a key resistance zone inside a rising channel ๐
On the 4H timeframe, price is respecting higher lows and climbing steadily โ a bullish structure so far. However, weโre now approaching the upper trendline + horizontal resistance around the 79Kโ80K area.
Hereโs what Iโm watching:
๐น Bullish case:
Clean breakout above resistance with volume โ continuation toward new highs.
๐น Bearish case:
Rejection at the top of the channel โ potentially move back to mid/lower trendline (or deeper correction if structure breaks).
The daily view shows bear flag. This could also be a larger rising wedge, which usually leads to sharp downside if it breaks.
โ ๏ธ Bear flag target: 42Kโ44K
Patience here โ breakout or rejection will likely define the next big move.
What do you think โ breakout or fakeout? ๐
#BTC #bitcoin #crypto #Trading
