Technical analysis by Raphael_TraderGOLD about Symbol BTC: Buy recommendation (18 hour ago)

BTC/USD H1 — Market Update Bitcoin is currently trading around 85,600, consolidating after a sharp impulsive sell-off from the 90,070 high. The aggressive drop flushed short-term liquidity and forced price into a range-bound re-accumulation phase, which is clearly visible inside the highlighted box. Key Levels From the Chart Major Resistance: 90,070 → Previous supply zone and key breakout level. A reclaim above this level would confirm trend continuation. EMA 34 (H1): 87,541 EMA 89 (H1): 88,947 → Both EMAs are acting as strong dynamic resistance, explaining why upside is capped for now. Accumulation Range: 85,200 – 86,400 → Price is oscillating inside this box, showing balance between buyers and sellers. Current Price: ~85,639 Market Structure & Expectation BTC is not breaking down further despite heavy selling a sign of absorption. The zigzag price action inside the box suggests liquidity building, not weakness. As long as 85,200 holds, downside risk remains limited. Once liquidity is fully built, a range expansion is likely. Scenarios Base case: Continued sideways movement between 85,200 – 86,400 Bullish scenario: Break above range → reclaim 87,500, then acceleration toward 90,070 Invalidation: Clean break below 85,200 would open deeper downside