BTCUSD H1: Do Buyers Still Have Enough Strength?
BTCUSD continues to maintain a relatively positive recovery structure after bouncing from the support zone. What stands out is that each new low has formed above the previous one, showing that buyers are still actively absorbing selling pressure during pullbacks.
At the moment, price is testing the latest swing high after repeatedly holding above the rising support line. This suggests that buyers have not given up their advantage and are attempting to create another breakout.
If the support zone continues to hold and further bullish confirmation appears, I expect BTCUSD to break above the current resistance and extend the recovery toward higher levels. On the other hand, losing the ascending support line would weaken the current momentum and could trigger a deeper correction before a new trend is confirmed.
This is only my personal view based on technical analysis. Wishing you successful trading!