BTCUSD is trading inside a bullish ascending channel on the H4 timeframe, maintaining overall bullish market structure. Price recently reacted from the 79,250–79,300 demand zone and is now consolidating around the 80,300–80,900 support/resistance region.
The current price action suggests a bullish continuation setup after a corrective pullback. As long as BTC holds above 80,300, buyers remain in control with potential upside targets at 82,000 and 84,000.
A breakout and strong candle close above 82,034 would confirm continuation toward the upper channel resistance near 84,000. However, failure to hold 80,300 could trigger another retest of the 79,250 support zone before bullish momentum resumes.
Bias: Bullish
Key Support: 80,300 → 79,250
Key Resistance: 82,034 → 84,000
Preferred Setup: Buy on bullish confirmation above 82,000 or buy dips near support zones with proper risk management.
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