$BTC is testing the 75,250 area on the 4h, which lines up with both the 200 EMA and the lower boundary of the daily support zone that's been building since mid-August.
The pullback from 82k has been steady rather than sharp, breaking the short-term descending trendline on the 4h but still holding above the broader 72-73.5k support that's kept the daily structure intact through this whole range. That confluence of the 200 EMA and prior support is usually where dips like this either get bought or start to unravel.
If 72-73.5k breaks with real volume, the daily structure shifts bearish and a deeper retracement opens up. Holding above it keeps the higher-low pattern alive and sets up another leg toward 82k.
Where do you think this goes from here â bounce off support or break lower? đ
The pullback from 82k has been steady rather than sharp, breaking the short-term descending trendline on the 4h but still holding above the broader 72-73.5k support that's kept the daily structure intact through this whole range. That confluence of the 200 EMA and prior support is usually where dips like this either get bought or start to unravel.
If 72-73.5k breaks with real volume, the daily structure shifts bearish and a deeper retracement opens up. Holding above it keeps the higher-low pattern alive and sets up another leg toward 82k.
Where do you think this goes from here â bounce off support or break lower? đ
