Last week a short plan on $BTC started looking a lot like those earlier bounce fades, the kind where price tags a pocket of supply and then just runs out of buyers.
You know the feeling. You buy the green candle because missing the move hurts more than being wrong, then you sit there with no exit while it slides back through the level you swore was support.
Here's the map as it stands. $BTC is trading around $82,600, with the sell zone drawn between $83,400 and $82,600 and a first target near $81,400. Under that is a short-term demand area from roughly $81,200 to $80,600, the shelf that either holds or tells you the bounce was only a pause. Setups like this showed up in prior pullbacks too: same idea, sell strength into a defined box instead of chasing the breakdown after it's already gone. If price stretches up into the $84,000 to $84,400 area, the plan is to add, with the stop sitting all the way up at $87,400. That stop is wide next to an $81,400 target, so a squeeze through the add zone would hurt before any downside ever pays. $ETH tends to shadow these $BTC moves rather than lead them, which is why the levels matter more than the story people tell around them.
What's your take on whether that demand shelf actually holds?
#Bitcoin #BTC #CryptoTrading
You know the feeling. You buy the green candle because missing the move hurts more than being wrong, then you sit there with no exit while it slides back through the level you swore was support.
Here's the map as it stands. $BTC is trading around $82,600, with the sell zone drawn between $83,400 and $82,600 and a first target near $81,400. Under that is a short-term demand area from roughly $81,200 to $80,600, the shelf that either holds or tells you the bounce was only a pause. Setups like this showed up in prior pullbacks too: same idea, sell strength into a defined box instead of chasing the breakdown after it's already gone. If price stretches up into the $84,000 to $84,400 area, the plan is to add, with the stop sitting all the way up at $87,400. That stop is wide next to an $81,400 target, so a squeeze through the add zone would hurt before any downside ever pays. $ETH tends to shadow these $BTC moves rather than lead them, which is why the levels matter more than the story people tell around them.
What's your take on whether that demand shelf actually holds?
#Bitcoin #BTC #CryptoTrading