$BTC C Update: The $82,300 Rejection Is Now Showing Its Effect
$BTC pushed up and tested the $82,300 resistance, but buyers failed to maintain the momentum.
The rejection has now brought price back to around $79,000, where an important battle is taking place.
On the 4H chart:
๐ธ $82,300 remains the major resistance after the recent rejection.
๐ธ The $79,176 area, which was previously acting as an important support/resistance level, is now a key level BTC needs to reclaim.
๐ธ Price is currently testing the support area around $79,000.
๐ธ If sellers maintain control and push
#BTC below this area, the next important support is around $77,685.
๐ธ Below that, the stronger support zone remains around $75,394.
โWhat am I watching now?
I'm not rushing to predict the next move.
The key question is whether BTC can reclaim $79,176 and hold above it.
โ Reclaim and hold โ buyers could attempt another move toward $80K and eventually retest $82,300 resistance.
โ Continued rejection below $79,176 โ sellers could push BTC toward the $77,685 support.
For now, BTC is sitting between important support and resistance levels. Patience is more important than prediction.
Trade the confirmation, not the hope.
$BTC #supportandresistance #BTCanalysis #priceaction