1H Chart: CryptoLens Research
$BTC is attempting to recover after a sharp sell off, but the chart has not yet confirmed a bullish reversal. Here is what the data shows in the attached snap:
Current Price: $81,673.79
√EMA 50: 81,844.16
√ EMA 100: 82,273.23
√RSI (14): 48.71
1. The Market Structure
BTC remains below both moving averages. The recent bounce is encouraging for short term buyers, but the boarder structure remains vulnerable until registance is reclaimed.
2. Levels That Matter
^Immediate registance: $81,840-82,275
^ Major H4 registance: $82,950-$83,400
^ Nearby Support Area: around $82,000 marked as weekly support on this chart
^Lower H4 support: Approximately $80,650-81,050.
My reaserch take: Wait for confirmation. If lower support holds, enter long. If lower support breaks enter short.
Not a financial advice. #dyor
