$BTC Structure: Price is consolidating inside an ascending channel, suggesting a broader bullish structure despite recent volatility.
Near-term pattern: A smaller rising channel / wedge is forming within the larger channel, indicating tightening price action and a potential breakout soon.
Trend bias: Short-term neutral to slightly bullish, but momentum looks weak near mid-range resistance.
Key resistance: ~89.5k–90k (upper boundary of the small channel). A clean break above could open a move toward 92k–94k.
Key support: ~86k–87k, then 84k (lower channel support). Loss of this area could invalidate the bullish structure.
RSI: Around 55–62, indicating no extreme conditions; momentum favors consolidation rather than a strong impulsive move.
Summary: BTC is compressing within an uptrend. Watch for a breakout above 90k for continuation, or a break below 86k for short-term downside. Patience is key until direction confirms.
