BTC weekend setup 👀
BTC has broken below the rising-wedge support on the 4H chart, which makes the broader structure bearish.
The key levels I’m watching:
🔴 81.5K–82K → major supply/resistance
🟡 77K–77.5K → previous support, now resistance
🟢 75K → first downside target
🟢 72K / 70K → key psychological levels
🟢 67.5K–68K / 64.5K–65K → deeper downside targets if selling accelerates
There’s also a bearish RSI divergence, with RSI now below 50, suggesting weakening momentum.
That said, I’m currently long BTC, targeting a potential weekend pump toward ~$82K.
If BTC reaches the 81.5K–82K zone but fails to break and hold above resistance, I’ll likely revert to the short thesis and look for the downside targets.
For me, 82K is the decision zone.
Break & hold = bullish continuation.
Reject = bearish setup gets interesting again.
DYOR. Not financial advice.
#BTC
BTC has broken below the rising-wedge support on the 4H chart, which makes the broader structure bearish.
The key levels I’m watching:
🔴 81.5K–82K → major supply/resistance
🟡 77K–77.5K → previous support, now resistance
🟢 75K → first downside target
🟢 72K / 70K → key psychological levels
🟢 67.5K–68K / 64.5K–65K → deeper downside targets if selling accelerates
There’s also a bearish RSI divergence, with RSI now below 50, suggesting weakening momentum.
That said, I’m currently long BTC, targeting a potential weekend pump toward ~$82K.
If BTC reaches the 81.5K–82K zone but fails to break and hold above resistance, I’ll likely revert to the short thesis and look for the downside targets.
For me, 82K is the decision zone.
Break & hold = bullish continuation.
Reject = bearish setup gets interesting again.
DYOR. Not financial advice.
#BTC
