TradeWize · free chart read

BTC is 24 bars into a downtrend, coiling inside a falling wedge inside a daily uptrend. The coil is on thin volume. $78988.20 ends the wedge, $79198.86 resumes the rise.

BTC-USD · 1H · read on 2026-09-08 · Still forming.

What the read found

Trend: lower highs and lower lows over the window, 3 steps across 24 bars, still intact
Formation: falling wedge — Still forming.
Decides above: $79198.86 (the falling wedge)
Decides below: $78988.20 (the falling wedge)
Resistance: $80061.68
Resistance: $81340.75
Support: $79004.72
Support: $78653.45
Level history: The last eight times price reached $80061.68 it held every time, bouncing 0.9% on average.
Level history: The last five times price reached $81340.75 it held every time, bouncing 2.4% on average.
Level history: The last two times price reached $79004.72 it held every time, bouncing 0.5% on average.

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Every figure on this page was computed from the real candles up to 2026-09-08. This is a description of a chart, not advice, a signal or a forecast. Disclaimer · What a read returns