#BinanceLaunchesBinanceIntelligence ๐จ BTC/USDT 1H MARKET ANALYSIS
Bitcoin is showing strong short-term bearish momentum after a sharp rejection from higher levels.
๐ Current Price: ~$83,158
๐ด Trend: Bearish
๐ Support: $82,787
๐ Resistance: $83,500 / $84,170 / $84,970
BTC is currently trading below the 7, 25 and 99 EMAs, indicating that sellers remain in control on the 1H timeframe.
๐ป Bearish scenario: A clean break below $82,787 could open the way toward $81.5Kโ$80K.
๐ Bullish scenario: Reclaiming $83.5K and especially $84.17K could trigger a relief bounce toward $85K+.
โ ๏ธ I would wait for confirmation rather than entering blindly after such a sharp move.
What do you think? BTC bounce or another leg down? ๐
#DubaiVARAIssuesReserveAssetAuditCircular #BinanceLaunchesBinanceIntelligence #WinklevossFilesSpotZcashETFApplication
Bitcoin is showing strong short-term bearish momentum after a sharp rejection from higher levels.
๐ Current Price: ~$83,158
๐ด Trend: Bearish
๐ Support: $82,787
๐ Resistance: $83,500 / $84,170 / $84,970
BTC is currently trading below the 7, 25 and 99 EMAs, indicating that sellers remain in control on the 1H timeframe.
๐ป Bearish scenario: A clean break below $82,787 could open the way toward $81.5Kโ$80K.
๐ Bullish scenario: Reclaiming $83.5K and especially $84.17K could trigger a relief bounce toward $85K+.
โ ๏ธ I would wait for confirmation rather than entering blindly after such a sharp move.
What do you think? BTC bounce or another leg down? ๐
#DubaiVARAIssuesReserveAssetAuditCircular #BinanceLaunchesBinanceIntelligence #WinklevossFilesSpotZcashETFApplication