In my last post, I said BTC was stuck at $80.5K. Bull Trap or Accumulation?
Update: BTC held $80K and is now trading around $80,328.
What happened?
1. $80K is now acting as Support, not Resistance
2. Price made a High at $81,196 but failed to break $82K
3. RSI is at 51.4 - Neutral. Market is still undecided
My Updated Levels:
Support: $80,264 / $79,000
Resistance: $82,149 / $84,385
My Plan:
I am still not chasing. If we break and close above $82,149, then I will look for $84K. If we lose $80,264, then back to $79K - $78K.
So, was my last post right? Did $80K hold?
A) Yes, accumulation is working
B) No, still a bull trap, dump coming
Let me know in comments.
Not financial advice.
BTC
75,676.01
-5.93%