Bitcoin consolidates below key resistance because the lower time frame trend develops

Bitcoin is currently trading below the control point after refusing from key dynamic resistance. The lower time frame trend remains a bear, and its potential to influence more time frames is something that traders should keep in mind to move forward.

After discarding from local high, Bitcoin (Btc) Returned to a key trading range, where the price now consolidated below the control point (POC). This move involves the development of the pattern to conquer the momentum and activation of bear harmonic structure, of which both contributed to the constant grid. Although this return has not yet launched a high-time frame breakdown, it reflects the short-term transition to a feeling and structure that guarantees attention.

Key technical points,

• Dynamic resistance remains intact: The price continuously broke through the trendlin from key resistance, maintaining a series of lower high heights from 23. April.
• Price below control point: Bitcoin is consolidated below the weighted weighted volume, and acceptance at these levels could open the door for a further range rotation for the fall.
• The lower time frame trend continues to bear: The structure of lower high and lower lower ones remains intact at low-time frames, which could begin to influence the direction with higher times if it is not invalid.

Detailed analysis

Refusing BitCoin from 23. April is locally highly occurred at the mouth of the POC and bear harmonic samples. This started the return that returned the price with a well-defined range. The high area of ​​value was lost during this move, and the price is now consolidated just below the POC, the area of ​​great scope and previous balance.

Defining the characteristics of the current trend is a consistent formation of lower high and lower falls on the lower time frames. This structure remains uninterrupted and is kept dynamic levels of resistance that still cap upwards. While this trend is not undone, short-term prospects remains cautious.

Behavior around the POC can offer important clues to what is next. If the price remains accepted below this level, the market could rotate lower in the scope for testing deeper support. Alternatively, the return of the POC and the formation of greater low could mark the first step towards re-establishing BUKON.

What to expect in the upcoming price of the store

While Bitcoin is consolidated below the POC and dynamic resistance, the short-term trend remains tilted to the seed. The continuation of rejection from above-ground resistance may result in deeper rotation in the range.

However, the return of the POC together with higher low could indicate a moment of shift towards the bulls. For now, traders should carefully monitor how the structure of lower time develops and does it start affecting the wider market direction.