BTCUSD 1H – Bullish Structure with Short-Term Resistance and PotTechnical Analysis (1-Hour Chart)
Market Structure
Bitcoin is in a clear bullish market structure on the 1H timeframe.
Multiple BOS (Break of Structure) labels confirm continuation to the upside.
Earlier CHoCH (Change of Character) marked the transition from consolidation/bearishness into the current uptrend.
Price is respecting higher highs and higher lows, indicating strong trend control by buyers.
Price Action & Key Levels
Current price: ~91,395 USD
Price is trading near recent highs, just below a descending trendline resistance (blue dashed line).
A premium zone is visible near the highs, suggesting price may be temporarily overextended.
Below price:
FVG (Fair Value Gap) zone acts as a strong bullish retracement area.
This zone is a logical area for pullback and continuation if the trend remains intact.
Momentum Indicators
RSI (~64.7):
Bullish but approaching overbought territory.
Suggests momentum is strong, but upside may be limited short term without consolidation.
MACD:
MACD lines remain above zero with a mild bullish crossover.
Momentum is positive, but histogram shows slowing acceleration → possible short-term cooldown.
Volume
Volume is steady, not showing major distribution yet.
No clear bearish divergence, which supports trend continuation after a retracement.
Bias & Scenarios
Bullish Scenario (Preferred)
Price pulls back into the FVG / demand zone, holds structure, then continues upward.
A clean break and close above 91,800–92,000 USD would open continuation toward 93,500+.
Bearish / Correction Scenario
Rejection from the trendline + premium zone could trigger a healthy pullback.
Loss of the FVG would expose deeper retracement toward 89,800–88,800 USD, still within bullish structure unless that support fails.
