4 min readWe’ll begin today’s Bitcoin analysis by revisiting the 1-hour chart, which was the focus of Friday’s market update. In that report, we highlighted the $81K–$82K zone as a key area of interest—closely aligned with the W-pattern neckline and prior resistance.
As mentioned then, a reclaim of this level could open the door to further upside, and that’s exactly what played out over the weekend. Price broke above this zone and continued higher, contributing to what many may view as short-term bullish momentum.
However, it’s important to put this move in context. While Bitcoin has reclaimed this important area, broader risk sentiment—as seen in the S&P 500’s current positioning under 5,500—may still influence the overall market environment.
Now that BTC has cleared this initial hurdle, it may be useful to zoom out to the daily timeframe and assess what needs to happen for structure to potentially confirm and evolve further. This can help identify whether the current move fits into a larger trend or remains part of broader consolidation.
Bitcoin – Daily Timeframe
Now that we’ve zoomed out to the daily chart, we can start to place the recent breakout in context. Over the past several weeks, Bitcoin and the S&P 500 have shown a notable degree of correlation, both reacting to similar macro developments and risk sentiment shifts.
Given that the S&P 500 remains below the 5,500 resistance zone, a similar structural threshold for Bitcoin may be found in the $85K to $87.5K region. This zone has been marked as a red resistance area, and a downward-sloping trendline area has also been added to highlight the lower highs and lower lows that have formed over recent sessions.
While the weekend breakout suggests some short- to medium-term momentum, the larger trend remains technically unconfirmed until key resistance levels are reclaimed. For Bitcoin to re-enter its previous range and show signs of regaining its broader bullish structure, these levels may serve as important references.
As always, it’s worth watching how other risk assets behave—particularly the S&P 500, as its movement may continue to influence crypto sentiment. Broader confirmation across markets could provide additional context for any further developments.
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