$BTC

Looking at the 15-minute timeframe BTC/USDT perpetual contract chart from TradingView, I can provide the following analysis:

Key Support and Resistance Levels

Resistance Levels:

$87,200-$87,300 (peak on March 20)
$86,400 (secondary high on March 20)
$85,800-$86,000 (resistance zone on March 21)
$84,800 (recent resistance tested multiple times)

Support Levels:

$84,000-$84,100 (current consolidation level)
$83,600 (tested multiple times on March 21)
$83,200 (strong support from March 21 low)
$82,800 (lowest visible support on chart)

Chart Patterns and Price Action

Descending Channel - After reaching the peak of $87,300, Bitcoin has been trading in a descending channel with lower highs and lower lows until stabilizing around the $84,000 level.

Consolidation Phase - Currently, the price appears to be in a consolidation phase between approximately $83,600-$84,400, showing reduced volatility compared to previous sessions.

Double Bottom - A potential double bottom formed around the $83,200 level on March 21, which may indicate a reversal of the short-term downtrend.

Volume Profile - Volume spikes accompanied major price movements, with notable high volume during the initial uptrend and subsequent correction.

Trading Recommendations

Long (Buy) Opportunities:

Entry at current level ($84,090) with stop loss below $83,200 if you believe the consolidation is building energy for an upward breakout
Wait for a retest of the $83,600 support level and confirmation of bounce (bullish candlestick pattern) before entering
Consider buying on a breakout above $84,800 with increasing volume as confirmation

Short (Sell) Opportunities:

Short entry on rejection at the $84,800 resistance level with stop loss above $85,200
Consider short positions if price breaks below the $83,200 support with increasing volume
Potential short opportunity if a bearish pattern forms at the upper boundary of the current consolidation range