We are now entering week 3 of consolidation. ⏳
Will the downtrend continue following the double top at $82,500, or is the next bull leg loading?
$BTC - Technical Update:
• Bulls defend the Daily structure as long as price holds above $75,500.
• Resistance remains heavy below the flat Tenkan at $79,350.
Scenarios to monitor:
🔻 Lose $75,500 ➔ Risk of sharp correction toward the 50% Fib near $72,500.
🟢 Break above $79,350 ➔ Potential expansion toward $83,000 and $88,000. #bitcoin #BTC
Will the downtrend continue following the double top at $82,500, or is the next bull leg loading?
$BTC - Technical Update:
• Bulls defend the Daily structure as long as price holds above $75,500.
• Resistance remains heavy below the flat Tenkan at $79,350.
Scenarios to monitor:
🔻 Lose $75,500 ➔ Risk of sharp correction toward the 50% Fib near $72,500.
🟢 Break above $79,350 ➔ Potential expansion toward $83,000 and $88,000. #bitcoin #BTC
