$BTC is currently trading around the 71.8k-72k area on the 1H timeframe, where price is testing a major descending trendline resistance. The overall structure remains bullish, with higher lows forming and price respecting the rising trendline from the recent swing low near 69k. The latest move shows strong buying momentum, suggesting bulls are still in control in the short term.
A clean break and sustained hold above the 72k resistance would confirm a continuation move, potentially opening the path toward the 73.5k-74k zone. However, failure to break this level could lead to a short term pullback, with support expected around 70.8k and stronger support near the 69.8k-70k trendline area. As long as price holds above this ascending support, the broader bullish bias remains intact, and any pullback would likely be corrective rather than a trend reversal.
BTCUSDT
Perp
65,120.1
-2.63%