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Published: 23 February 2026,07:33
Chart The Market
BTC, H4:
BTCUSD remains structurally heavy on the chart, consolidating in the lower half of its broader range after failing to sustain rebounds above the 71,260 resistance zone. Price continues to trade beneath the 71,260 supply level, with multiple rejection wicks confirming that sellers are defending this ceiling. The sharp breakdown earlier in the month drove BTC from the 79,260 area toward the 63,245 base, marking a decisive shift in short-term order flow. Although buyers staged a reflexive bounce from that 63,245 support, the recovery has lacked follow-through, reinforcing the broader corrective tone.
Momentum indicators reflect this neutrality with a bearish tilt. RSI is hovering around the mid-40s, below the 50 equilibrium line, signaling that bullish momentum remains subdued. While it has rebounded from oversold conditions, it has not yet reclaimed bullish territory suggesting consolidation rather than trend reversal. Meanwhile, MACD remains below the zero line. Although the histogram has begun to flatten, upside momentum is still weak, and no strong bullish expansion is visible.
For now, BTCUSD is compressing beneath range resistance with muted momentum, positioning the market at a decision point where either a relief breakout or renewed downside continuation will define the next directional phase.
Resistance Levels: 71,260.00, 79,260.00
Support Levels: 63,245.00, 57,385.00
Nasdaq, H4
The Nasdaq remains confined within a broad corrective structure on the chart, with price hovering near the lower boundary of its established Fibonacci range. After repeatedly failing to sustain momentum above the 0.618 retracement near 25,940 and the 0.50 level around 25,570, the index has rotated lower and is now consolidating around the 0.236 retracement near 24,730. This region is functioning as a near-term stabilization zone, where buyers are attempting to prevent a deeper retracement following multiple rejections from the upper resistance band. Structurally, the range remains intact, but the tone continues to reflect compression rather than expansion. Price is oscillating between the 24,700–24,800 support area and the 25,190 (0.382 Fib) mid-range resistance without establishing a decisive breakout in either direction. The 24,700 region is particularly critical, as it represents the lower retracement floor within this consolidation. Thus far, pullbacks into this zone have attracted demand, preventing a full unwind toward the 24,000 swing low. However, the inability to reclaim higher retracement levels underscores limited bullish conviction.
Momentum indicators reflect this balanced but fragile backdrop. RSI is hovering around the 50 threshold, signaling neutral momentum with no strong directional bias. It has neither entered oversold territory nor pushed convincingly into bullish expansion, suggesting that the market is awaiting a catalyst. Meanwhile, MACD is attempting to stabilize near the zero line after a period in negative territory, with histogram bars flattening and signal lines beginning to converge. This setup reinforces the idea of consolidation rather than trend acceleration.
Resistance Levels: 25,190.00, 25,570.00
Support Levels: 24,730.00, 23,980.00
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