1-hour chart analysis for Bitcoin/TetherUS Perpetual (BTCUSDT.P)Bullish Scenario: If the $79,500 area holds without strong candle closes below it, a retest of the local highs at $82,000 and eventually $84,500 is likely.
Strategy: Look for a "Sweep and Reclaim" or a bullish engulfing candle within the reversal area before entering. Always follow the 1% risk management rule for capital
Structure: After a strong rally from roughly $78,000, Bitcoin encountered heavy resistance near the $82,800 local high. The subsequent "Curve Line" (arch-like pattern) represents a cooling phase into the current support zone.
Resistance: The primary hurdle remains the $82,200 – $85,300 zone. A decisive 1-hour close above $80,850 would signal a reclaim of the stair-step bullish structure.
Support (Reversal Area): The current gray box near $79,500 acts as a "demand zone" where buyers have previously stepped in.
Long
