$BTC / USD: daily update
BTC is trading around 84,300, between a key support and a key resistance.
Total range: 58,000 โ 87,300
That is +29,300 (+50.5%) from the July swing low to the recent high.
Key levels:
๐ด Resistance: ~87,300 (recent high)
๐ข Support: ~75,200 (Sep higher low)
๐ข Major base: ~58,000 (July swing low)
๐ Previous swing high: ~82,600 (May), now broken and below price
Today's range: about 83,600 โ 85,700 (~2,100, or 2.5%). Price is in the lower half of the day's range.
What I'm watching:
A daily close above 87.3k would be a breakout and would open new highs. A close below 75.2k would break the higher-low structure. Between them, expect range-bound moves.
After 12 years in BTC, I treat these as zones to watch, not exact lines.
Are you expecting a breakout above 87k, or a retest of 80k first? ๐
#BTC #BTCUSD #crypto #Binance #TechnicalAnalysis
BTC is trading around 84,300, between a key support and a key resistance.
Total range: 58,000 โ 87,300
That is +29,300 (+50.5%) from the July swing low to the recent high.
Key levels:
๐ด Resistance: ~87,300 (recent high)
๐ข Support: ~75,200 (Sep higher low)
๐ข Major base: ~58,000 (July swing low)
๐ Previous swing high: ~82,600 (May), now broken and below price
Today's range: about 83,600 โ 85,700 (~2,100, or 2.5%). Price is in the lower half of the day's range.
What I'm watching:
A daily close above 87.3k would be a breakout and would open new highs. A close below 75.2k would break the higher-low structure. Between them, expect range-bound moves.
After 12 years in BTC, I treat these as zones to watch, not exact lines.
Are you expecting a breakout above 87k, or a retest of 80k first? ๐
#BTC #BTCUSD #crypto #Binance #TechnicalAnalysis
