$BTC Analysis X account @mrprofessoreXBTCRYPTOCAP:BTC Analysis
Bitcoin is currently compressing between descending resistance and a well-defined support zone, forming a tightening structure. Price is holding above the demand area, which suggests that buyers are actively defending this level rather than allowing a deeper pullback.
The red descending trendline remains the key barrier. As long as BTC trades below it, short-term volatility and consolidation should be expected. However, the fact that price is making higher lows into resistance increases the probability of a breakout attempt.
A confirmed breakout above the descending trendline, followed by acceptance above the resistance zone, would likely open the door for a continuation move toward the higher resistance levels seen earlier in the structure.
On the downside, a loss of the current support zone would invalidate the bullish setup and could lead to a revisit of lower liquidity areas.
Bias: Neutral-to-bullish
Key idea: Compression favors expansion — direction will be decided at the trendline break.
