TradeWize · free chart read

BTC broke out of a falling wedge 6 bars ago on 7 times normal volume under a weekly downtrend. Below $78037.40 the break has failed.

BTC-USD · 4H · read on 2026-09-04 · Broke above $78037.40 6 bars ago on 7 times normal volume. No retest yet.

What the read found

Trend: lower highs and lower lows over the window, 3 steps across 56 bars — and that run is OVER: price closed above the last lower high 7 bars ago. Do not describe it as a trend that is still running.
Formation: falling wedge — Broke above $78037.40 6 bars ago on 7 times normal volume. No retest yet.
Decides above: $81478.31 (resistance)
Decides below: $78037.40 (the breakout)
Resistance: $81478.31
Support: $76569.93
Level history: The last four times price reached $81478.31 it held every time, bouncing 4.0% on average.
Level history: The last ten times price reached $76569.93 it held every time, bouncing 4.7% on average.

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Every figure on this page was computed from the real candles up to 2026-09-04. This is a description of a chart, not advice, a signal or a forecast. Disclaimer · What a read returns