This is a BTC/USDT 15-minute chart showing:
- A rising trendline (support)
- A channel that price was moving inside earlier
- A resistance zone marked in purple at the top
- Two possible scenarios drawn with arrows (breakout or breakdown)
✅ Key Levels
1. Resistance Zone (Top Purple Box)
Price has already tested this area multiple times and rejected.
- This means strong sellers are active here.
- A breakout above this zone could signal a further bullish move.
2. Trendline Support (Blue Diagonal Line)
Price has respected this line several times.
- This is a major support level.
- If price stays above it, the uptrend remains intact.
📈 Bullish Scenario (Up Arrow)
If price:
- Breaks above the purple resistance zone
- Retests it as support
- Forms a bullish candle
→ The chart suggests BTC could continue upward momentum.
This is a classic break-and-retest setup.
📉 Bearish Scenario (Down Arrow)
If price:
- Breaks below the trendline
- Retests the trendline from below
- Fails to return inside the channel
→ BTC may fall toward lower support levels shown on the chart.
This would signal a trend reversal on the 15-minute timeframe.
🔍 Current Situation
The candles near the resistance zone show:
- Indecision
- Small-bodied candles
- Both upper and lower wicks
This means buyers and sellers are fighting, and a breakout or breakdown is likely soon.
📝 Summary
- Above resistance → bullish continuation
- Below trendline → bearish reversal
- Right now BTC is in a consolidation zone waiting for direction.
