General overview

This chart shows BTCUSDT and the market currently moving within an ascending channel.
In other words, the main trend has not been broken, still upward.
What we are doing now:
👉 A pause + compression after a sharp rise
This is not a bad thing. On the contrary, it’s healthy.
Channel & trend
Purple lines: ascending channel
Price is in the middle-upper band of the channel
The trend remains intact as long as the lower boundary of the channel is not broken
📌 Summary:
“No downtrend, just a pause.”
Red trend line (important)
Red line:
Previously acted as support
Currently, the price is holding above it
As long as we stay above this line:
👉 Long side still makes sense
If a clear close below:
⚠️ A short-term pullback occurs
EMAs (blue zone)
EMAs are close to each other and below the price:
Momentum is still upward
Dropping below the EMA and quickly recovering = buyers are present
Currently, EMAs:
🟢 Say “No need to panic”
Resistance – Support levels (let’s be clear)
Upper side (resistance zone)
90,500 – 91,000 → short-term resistance
If a close above:
91,600
92,200 comes into play
Lower side (critical)
89,900 – 89,600 → initial support
88,500 → middle/lower part of the channel (important)
Below 88,000 → the situation changes
What is happening now?
The market says:
“I want to go higher but without pushing everyone in.”
Therefore:
No sharp decline
No sharp rise
It’s squeezing and testing patience
What would I say if I were in your place?
For a new long:
✔️ Either support at (89.6–89.9)
✔️ Or a clear break above 91,000
Jumping in from the top now:
❌ Risky
Chasing shorts:
❌ Difficult while the trend is upward
This is not investment advice.
Thank you for reading this far.