Published: 27 February 2026,06:34
Chart The Market
BTC, H4:
Bitcoin has gathered significant upside momentum, rallying from its recent bottom to challenge and subsequently sustain a position above the short-term downtrend resistance line. This successful defense of the breached level marks a promising bullish signal, suggesting that selling pressure may be exhausted and a new uptrend phase could be underway.
The constructive price action is reinforced by a supportive shift in momentum indicators. The Relative Strength Index (RSI) has been climbing steadily from oversold territory, reflecting a resurgence of buying interest. The Moving Average Convergence Divergence (MACD) is poised to cross above its zero line, a development that would provide technical confirmation that bearish momentum has dissipated and positive momentum is building.
The immediate focus is on Bitcoin’s ability to maintain its foothold above the former downtrend resistance, which should now act as support. A sustained hold would position the cryptocurrency for a challenge of higher resistance levels near $70,000–$71,000. A decisive breakout above that zone would further validate the bullish reversal and open a path toward the next key target around $74,000.
Resistance Levels: 71,295.00, 74,750.00
Support Levels: 66,135.00, 61,740.00
EURAUD H4
The EURAUD pair has extended its long-term downtrend, breaking decisively below its recent price consolidation range. This move represents an acceleration of the prevailing bearish momentum and provides a strong technical signal that the downtrend remains firmly intact.
The breakdown from consolidation follows a structural pattern of lower highs established since late October 2025, with the pair now testing new lows near the 1.6600 region. Multiple technical analyses confirm the bearish structure, with the 1D MACD maintaining a bearish cross configuration since mid-February and the 14-day RSI holding below the 50-neutral level at approximately 42-46.
Momentum indicators strongly support the bearish bias. The Relative Strength Index continues to trade beneath its midpoint, reflecting sustained selling pressure and an absence of buyer conviction. The Moving Average Convergence Divergence was rejected at the zero line and continues to edge lower, confirming that downside momentum remains structurally dominant following the failed recovery attempt.
Resistance Levels: 1.6750, 1.7050
Support Levels: 210.15, 208.75
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