Bitcoin executed a decisive bullish breakout above the long-standing descending trendline and the $65,900-$67,100 resistance zone, triggering an aggressive rally that brought the price close to $80,000. The asset is now consolidating around $79,000, positioned between the recently reclaimed $72,000-$74,400 support zone and the next major resistance area at $80,700-$82,700. On the 4-hour chart, Bitcoin has formed a short-term descending channel in the $75,000-$79,000 region, suggesting a corrective consolidation rather than a confirmed bearish reversal. The Binance liquidity heatmap reveals concentrations on both sides of the current price, with liquidity below between $74,000 and $76,000 and above extending toward $78,000-$81,000, which could favor lateral oscillation before the next major directional move.
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