BAT Technical Analysis Feb 5

BAT is maintaining the LH/LL structure among altcoins; breaking the $0.1215 resistance would be a critical BOS level for trend change, while losing the $0.1145 support could accelerate the decline.

Market Structure Overview

BAT’s current market structure reflects a clear downtrend. The price has been exhibiting lower highs (LH) and lower lows (LL) formation recently, maintaining its bearish character. This structure is consistent across 1D, 3D, and 1W timeframes; for example, there’s strong MTF (multi-timeframe) alignment with 2 support and 2 resistance levels on 1D. Supertrend is giving a bearish signal and the price is positioned below EMA20 ($0.16), confirming short-term bearish momentum. Although RSI at 22.87 is in the oversold region, MACD’s negative histogram indicates potential for continued decline. Overall, the structure is dominated by LH/LL and trend continuation appears dominant until a clear BOS (break of structure) forms.

Trend Analysis: Uptrend or Downtrend?

Uptrend Signals

For an uptrend, higher highs (HH) and higher lows (HL) structure is required; this has not formed in BAT recently. The current $0.12 level is in LL position relative to previous swing lows. For potential HL formation, it needs to hold above $0.1145 support and break $0.1215 resistance. If this happens, a CHoCH (change of character) could provide a bullish reversal signal. However, although RSI is oversold now, volume support is weak; bullish continuation target $0.2084 has a low score (26/100) and seems distant.

Downtrend Risk

The downtrend is clear with LH/LL: The latest swing high $0.1215 is recorded as LH, lower than the previous $0.1359. LLs are concentrated at $0.1145 and $0.1024. MACD is bearish and Supertrend resistance at $0.16 is strong. Unless this structure breaks, monitor bearish breakdown target $0.0368 (score 22/100). The 24h +1.42% change indicates short-term recovery, but the overall structure supports decline.

Structure Break (BOS) Levels

BOS levels confirm trend changes. For bullish BOS, $0.1215 swing high must break; this disrupts the LH structure, opens the door to HL formation, and points to $0.1359. Bearish BOS is loss of $0.1145 swing low: This confirms LL and accelerates descent to $0.1024 support. There are 11 strong levels in MTF (1D: 2S/2R, 3D: 2S/2R, 1W: 1S/4R); for example, 4 resistances dominate on 1W. EMA20 ($0.16) adds resistance. When these levels are surpassed, the structure changes; for example, after bullish BOS, $0.2084 is targeted.

Swing Points and Their Importance

Latest Swing Highs

Latest swing high $0.1215 (score 69/100), critical LH level; this is key for BOS. If broken above, previous $0.1359 (score 60/100) is tested. These points block trend continuation; LH formation strengthens bearish bias. With price stuck at $0.12, rejection at $0.1215 reinforces decline.

Latest Swing Lows

Latest swing low $0.1145 (score 75/100), strong support; holding here offers hope for HL, but break confirms LL. Lower support $0.1024 (score 69/100), MTF aligned. These lows are the building blocks of the down structure; their loss increases bearish momentum and leads to deeper LLs.

Bitcoin Correlation

BTC at $73,040 in downtrend (-4.15% 24h), Supertrend bearish; supports $71,888-$68,964-$59,866, resists $74,048-$76,905. Altcoins like BAT are highly correlated with BTC; BTC decline pressures BAT, dominance increase brings altcoin weakness. If BTC breaks $71,888, BAT $0.1145 risk increases; above $74,048 recovery could support BAT bullish BOS. BTC caution mode keeps BAT structure bearish.

Structural Outlook and Expectations

BAT structure is LH/LL bearish; above $0.1215 BOS defines bullish shift, below $0.1145 bearish continuation. MTF supported by strong levels, EMA20 and Supertrend reinforce bearish bias. Although RSI oversold suggests short-term bounce, MACD confirms decline. Follow BAT Spot Analysis and BAT Futures Analysis. Bearish outlook dominates until structure changes; monitor swing levels.