30 September 2025,05:15
Chart The Market
30 September 2025, 05:15
BTC, H4:
Bitcoin has decisively shifted its near-term trajectory, advancing approximately 5% from recent lows after breaking above a significant consolidation range. The cryptocurrency has subsequently cleared the key liquidity zone near $112,800, confirming a bullish reversal in market structure and suggesting potential for further gains.
The breakout reflects improving technical sentiment and likely short-covering from previously bearish positions. However, Bitcoin now faces a critical test near the $116,200 resistance level—a zone where initial profit-taking activity may emerge given the sharpness of the recent advance.
Momentum indicators strongly support the constructive outlook. The Relative Strength Index has entered overbought territory, reflecting robust buying pressure, while the Moving Average Convergence Divergence has crossed decisively above its zero line and continues to diverge higher. This configuration suggests that bullish momentum is not only established but accelerating.
Resistance Levels: 117,180.00, 122,350.00
Support Levels: 112,800.00, 109,450.00
EURUSD, H4
The EUR/USD pair has rebounded from the lower boundary of its established downtrend channel, reaching the upper threshold of this technical pattern. This movement is characteristic of a channel-bound downtrend, where rallies toward resistance typically present selling opportunities rather than reversal signals. The pair now faces a critical test at this upper boundary, with a rejection likely to initiate another leg lower within the prevailing bearish structure.
Momentum indicators reinforce the continued negative bias. The Relative Strength Index is forming a pattern of lower highs, indicating diminishing buying momentum during each corrective bounce. Simultaneously, the Moving Average Convergence Divergence continues to trade below its zero line, confirming that bearish momentum remains the dominant force despite short-term fluctuations.
The pair’s inability to generate sustained upward momentum highlights the underlying weakness in the euro against broad U.S. dollar strength. Fundamental drivers, including diverging monetary policy expectations between the European Central Bank and Federal Reserve, continue to support the dollar’s yield advantage.
Resistance Levels: 1.1810, 1.1880
Support Levels:1.1705, 1.1620
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