Bitcoin's price action is compressing beneath a dominant descending resistance structure, trading near the $87,900 level. The market is at a confluence zone where this descending trendline overlaps with prior horizontal support-turned-resistance, increasing its technical significance. Earlier rebound attempts have repeatedly failed at this ceiling, keeping the broader corrective structure intact. The 4-hour chart shows reactive volatility, with a sharp drop to the mid-$84,000s followed by a swift recovery, but lacking sustained momentum above key levels.
Similarly, Toncoin (TON) is tightening within its own long-term descending channel, showing clear signs of compression near the structure's lower boundary. The annotated chart analysis reveals a sequence of triangle and flag patterns that have consistently resolved to the downside, marked by three major impulsive drops. The current phase is characterized by sideways consolidation, with sellers losing momentum but upside attempts still capped by the descending resistance line.
Both assets are exhibiting a lack of decisive directional follow-through, with tightening ranges signaling that a volatility expansion is likely approaching. The next sustained break—either above resistance or below support—is expected to dictate the medium-term direction for each cryptocurrency, forcing a resolution from these key structural zones.
