Bitcoin Holding Demand Zone with Upside Toward 73,000

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Hello traders! Here’s my technical outlook based on the current BTCUSDT (4H) chart structure. BTCUSDT previously traded inside multiple ranges, showing repeated consolidation between buyer and seller zones. After several breakouts, price established a rising trend line, forming a sequence of higher lows and signaling gradual bullish structure. Currently, price is holding above the 70,100 support zone, which aligns with the ascending trend line and acts as a key demand area. A bounce from this zone suggests buyers are still active despite recent weakness. As long as BTCUSDT remains above the 70,100 support and respects the rising trend line, the bullish bias remains valid. A continuation from this area could push price toward the 73,000 resistance, which is the primary upside target (TP1). Please share this idea with your friends and click Boost

[nihalsari]

the thesis relies heavily on the trendline holding, which makes the setup sensitive to any breakdown in market structure