The 4-hour (H4) chart for Bitcoin (#Bitcoin) shows price volatility and a pivotal retest following a strong bullish wave; the price is currently trading at 84,164.73, hovering near the key Weekly Pivot point located at 84,176.08.

Technical Analysis and Price Action

Price Channel Structure: The price is moving within a primary bullish channel (blue), reflecting the overall positive trend that began from lows near 74,721.65. Intersecting this is an accelerated sub-trend (pink/red) that saw a test of peaks near the first Weekly Resistance level (Weekly R1) at 87,772.50.

Interaction with Pivot Levels: After reaching the peak near 87,772.50, the price entered a bearish correction phase, during which it retested the Weekly Pivot level at 84,176.08. Higher lows are forming above the lower boundaries of the sub-channel, reflecting a balance between selling pressure and buying accumulation in this pivotal zone.

Key Support and Resistance Levels

Key Resistance Levels:

Resistance 1: 85,382.30 – 86,090.15 (Previous intraday peak and the midpoint of the bullish channel).

Pivotal Resistance: 87,772.50 (First Weekly Resistance level [Weekly R1] and the major peak). Key Support Levels:

First Support: 84,176.08 (Weekly Pivot level and current range).

Second Support: 80,955.98 (Weekly S1 support level).

Third Support: 77,359.56 (Weekly S2 support level).

Price Action Outlook and Trading Recommendations

Bullish Scenario (Primary):

A continuation of the bullish trend is the most likely scenario, provided the price remains above the Weekly Pivot level of 84,176.08 and continues trading within the main blue channel.

Recommendation: Buy if the price holds above 84,176.08 or upon any positive rebound from intraday lows.

Technical Targets: Target 85,382.30 as the first objective, followed by an extension toward the first weekly resistance at 87,772.50.

Stop Loss: A 4-hour candle close below 83,200.00.

Bearish Corrective Scenario (Alternative):

This scenario is triggered if the Weekly Pivot level is broken and the price stabilizes below it, confirmed by a strong 4-hour candle.

Confirmation Condition: Breaking 84,176.08 and holding below it.

Technical Targets: Initiation of a bearish corrective wave targeting the first weekly support level at 80,955.98. Risk Management

Trading Bitcoin in these zones requires strict adherence to stop-loss orders due to high levels of intraday volatility, alongside limiting the risk per trade to no more than 1% to 2% of total capital.

The H1 chart for Bitcoin (#Bitcoin) shows positive, upward price movement following a brief bearish correction. The price is currently trading around the 84,246.28 level, attempting to break through the pivotal zone and regain bullish momentum.

Technical Analysis and Price Action

Bullish Price Channel Structure: The price is moving within a primary bullish channel (blue), reflecting the overall positive trend, alongside an accelerated secondary bullish channel (pink/red). Bitcoin experienced a strong rally that pushed it toward the first daily resistance level (Daily R1) at 85,230.20, before facing temporary selling pressure that caused a pullback to retest support zones near the lower boundary of the secondary channel.

Interaction with Pivot Levels: The price successfully rebounded and reclaimed a position above the daily pivot point (Daily Pivot) at 84,092.60; it is currently testing the weekly pivot point (Weekly Pivot) at 84,176.08. Sustaining levels above these pivotal points is essential for reinforcing intraday buying strength.

Key Support and Resistance Levels

Key Resistance Levels:

Resistance 1: 84,176.08 (Weekly Pivot Point).

Resistance 2: 85,230.20 (Daily R1 Resistance Level). Key Resistance: Level 86,786.52 (Daily Resistance 2 / Daily R2).

Key Support Levels:

Support 1: Level 84,092.60 (Daily Pivot Point).

Support 2: Level 82,536.28 (Daily Support 1 / Daily S1).

Key Support: Level 82,012.69 (Monthly Pivot Point).

Price Action Outlook and Trading Recommendations

Bullish Scenario (Primary):

Continued upward movement is the most likely scenario as long as the price trades above the Daily Pivot (84,092.60) and remains stable within the ascending channel.

Recommendation: Buy upon a breakout and price stabilization above 84,176.08, confirmed by a consecutive hourly candle close.

Technical Targets: Target 85,230.20 as the first objective, then extend towards 85,827.10, reaching the second daily resistance at 86,786.52.

Stop Loss: Hourly candle close below 83,753.40.

Bearish Corrective Scenario (Alternative):

Triggered if the Daily Pivot (84,092.60) is broken and the price trades consistently below it.

Confirmation Condition: Break below 84,092.60 and an hourly candle close below that level.

Technical Targets: Resumption of selling pressure targeting the first daily support level at 82,536.28. Risk Management

Trading based on intraday Bitcoin price movements requires strict adherence to risk management rules and the precise setting of stop-loss orders, while ensuring that no more than 1% to 2% of total capital is risked per trade.