BTCUSD Long Bitcoin vs US Dollar BTCUSD TRADE IDEA
BTCUSD is trading inside a major H4 consolidation zone between 76,000 support and 79,600 resistance . Price recently rejected the upper supply area around 79.2K–79.6K , showing strong seller pressure and a bearish reaction from Fibonacci resistance. Current structure remains range-bound to slightly bearish while price stays below the 79,600 resistance zone . The descending trendline is still active, keeping momentum weak in the short term. Key Levels Resistance: 77,800 → 79,600 → 81,850 Support: 76,700 → 75,400 → 75,000 Bullish Scenario If BTCUSD holds above 76.7K support and breaks above 77.8K , buyers could push price toward: 79.6K 81.8K Extended target near 86K Bearish Scenario Failure to hold the current support area may trigger another selloff toward: 75.4K 75K major demand Possible