$BTC just broke down now what's next? 👀
Price is at $83,206, down 3.74% after getting rejected from the $85,651 area. The 4H structure shows a clean lower high forming, and momentum is leaning bearish.
The key level I'm watching is $83,400. As long as price stays below it, the downside prevails.
If bulls reclaim $83,400: A push back toward $85,651 is the first test, then $87,385.
If bears hold control: Losing $81,164 opens the door to $78,921.
My read: The breakdown is fresh and momentum is still heavy.
Price is at $83,206, down 3.74% after getting rejected from the $85,651 area. The 4H structure shows a clean lower high forming, and momentum is leaning bearish.
The key level I'm watching is $83,400. As long as price stays below it, the downside prevails.
If bulls reclaim $83,400: A push back toward $85,651 is the first test, then $87,385.
If bears hold control: Losing $81,164 opens the door to $78,921.
My read: The breakdown is fresh and momentum is still heavy.