$BTC back at 78,490 after the Oct 30 flush. Is this a base or just a pause? 4H read 👇
• Trend: still below the 4H EMA50 (~79,240) and EMA200 (~81,030), but the lows keep stepping up from 76,326 (Oct 31) to 77,620 (this morning)
• Support: 77,620-77,750 first, then 77,115, then the 76,326 flush low
• Resistance: 78,630-78,800 is the lid right now, above that 79,710-79,860 (Oct 29 lows) and 80,850-81,030
• RSI ~50, neutral. No overheating, no real momentum yet
• Bullish case: a 4H close above 78,800 opens 79,240 and the 79,700 zone
• Bearish case: losing 77,600 and the rising-low line puts 77,100 and 76,300 back in play
Conclusion: higher lows under heavy resistance. I want a close above 78,800 before I trust this bounce.
Not financial advice.
#BTC #bitcoin #TechnicalAnalysis #CryptoMarket #Binance
• Trend: still below the 4H EMA50 (~79,240) and EMA200 (~81,030), but the lows keep stepping up from 76,326 (Oct 31) to 77,620 (this morning)
• Support: 77,620-77,750 first, then 77,115, then the 76,326 flush low
• Resistance: 78,630-78,800 is the lid right now, above that 79,710-79,860 (Oct 29 lows) and 80,850-81,030
• RSI ~50, neutral. No overheating, no real momentum yet
• Bullish case: a 4H close above 78,800 opens 79,240 and the 79,700 zone
• Bearish case: losing 77,600 and the rising-low line puts 77,100 and 76,300 back in play
Conclusion: higher lows under heavy resistance. I want a close above 78,800 before I trust this bounce.
Not financial advice.
#BTC #bitcoin #TechnicalAnalysis #CryptoMarket #Binance
