I’m seeing a potential bullish continuation pattern forming on the BTC/USDT 4H chart. After a strong upward trend, price is currently in a consolidation zone with a likely correction toward the $95,600–$96,000 area, which aligns with both pivot support and the rising trendline.
Key points from my analysis:
Support zone: $95,600–$96,000 (confluence of pivot point and ascending trendline)
Resistance targets:
R1: $97,272
R2: $98,050
R3: $99,308
Momentum: Stochastic RSI near overbought → suggests short-term pullback, then potential continuation.
Volume: No major distribution, bullish momentum remains intact.
I expect a minor dip followed by continuation to R2 or R3, provided the $95,600 support holds.
Stop-loss idea: Below $94,756 (S1)
Take-profit zones: Partial at 98K, rest near $99.3K
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