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BTC broke down from a bear flag 2 bars ago on thin volume under a 4 hour downtrend. Above $83569.50 the break has failed.

BTC-USD · 5M · read on 2026-09-29 · Broke below $83569.50 2 bars ago on thin volume. No retest yet.

What the read found

Trend: lower highs and lower lows over the window, 4 steps across 49 bars — and that run is OVER: price closed above the last lower high 16 bars ago. Do not describe it as a trend that is still running.
Formation: bear flag — Broke below $83569.50 2 bars ago on thin volume. No retest yet.
Decides above: $83569.50 (the breakout)
Decides below: $83275.49 (the double bottom)
Resistance: $83666.15
Resistance: $84449.45
Support: $82908.71
Level history: The last four times price reached $83666.15 it held three times, bouncing 0.4% on average, and broke through once.
Level history: The last six times price reached $84449.45 it held every time, bouncing 0.5% on average.
Level history: The last five times price reached $82908.71 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 2026-09-29. This is a description of a chart, not advice, a signal or a forecast. Disclaimer · What a read returns