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BTC is 49 bars into a downtrend, coiling inside a bear pennant under a 4 hour downtrend. The coil is on thin volume. $77295.00 ends the pennant, $77254.22 resumes the fall.

BTC-USD · 5M · read on 2026-09-12 · Still forming.

What the read found

Trend: lower highs and lower lows over the window, 4 steps across 49 bars, still intact
Formation: bear pennant — Still forming.
Decides above: $77295.00 (the bear pennant)
Decides below: $77254.22 (the bear pennant)
Resistance: $77310.57
Resistance: $77453.91
Level history: The last six times price reached $77310.57 it held every time, bouncing 0.1% on average.
Level history: The last two times price reached $77453.91 it held every time, bouncing 0.4% on average.

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Every figure on this page was computed from the real candles up to 2026-09-12. This is a description of a chart, not advice, a signal or a forecast. Disclaimer · What a read returns