BTC/USDT:USDT
Price rejected the 4H lower boundary at 77,050 and recovered on declining volume, indicating short-term seller exhaustion. I expect a mean-reversion grind towards the upper range at 77,800-77,850 as intraday shorts cover near the bounce. The setup relies on range-bound liquidity and absence of volume expansion. Invalidated if a 1H candle closes below 77,150 with sustained selling pressure, signaling range breakdown.
Detailed Analysis
4H low 77090 rejected at 16:00, followed by orderly recovery to 77535 with 422 avg volume.
Low-volume bounce suggests absence of aggressive selling and points to a range-bound rebalancing environment.
Gradual upward drift towards 4H range high (77,840) with +3-3.5% magnitude as liquidity fills mid-to-upper band.
1H close below 77,150 with volume exceeding 1.5x the 4-period average.