On the 15-minute chart, Bitcoin has experienced a strong bearish move, falling from the $82,600–$82,750 region toward approximately $80,550.
Price has since recovered to around $81,735, but the structure suggests that the current upward movement could be a temporary retracement rather than a confirmed bullish reversal.
The main area I am watching is the $82,450–$82,750 supply zone. If BTC retraces into this region and sellers defend it, the market could resume its downward movement toward the $80,550 low. A break below that low could open the door to further downside, although additional confirmation would be needed to establish the next target.
On the other hand, if Bitcoin breaks above the supply zone and holds above it, the bearish scenario becomes less convincing and the market may attempt a broader recovery.
My focus is on the reaction at resistance, not simply the fact that price is bouncing. I will be watching for rejection signals and a possible bearish continuation before drawing stronger conclusions.
Key resistance: $82,450–$82,750
Potential downside target: $80,550
Invalidation signal, a decisive breakout and sustained acceptance above the supply zone.
This is a conditional technical projection, not a certainty. Always manage risk and wait for confirmation before making a trading decision.
#IMFSaysTokenizedMarketsSmall
Price has since recovered to around $81,735, but the structure suggests that the current upward movement could be a temporary retracement rather than a confirmed bullish reversal.
The main area I am watching is the $82,450–$82,750 supply zone. If BTC retraces into this region and sellers defend it, the market could resume its downward movement toward the $80,550 low. A break below that low could open the door to further downside, although additional confirmation would be needed to establish the next target.
On the other hand, if Bitcoin breaks above the supply zone and holds above it, the bearish scenario becomes less convincing and the market may attempt a broader recovery.
My focus is on the reaction at resistance, not simply the fact that price is bouncing. I will be watching for rejection signals and a possible bearish continuation before drawing stronger conclusions.
Key resistance: $82,450–$82,750
Potential downside target: $80,550
Invalidation signal, a decisive breakout and sustained acceptance above the supply zone.
This is a conditional technical projection, not a certainty. Always manage risk and wait for confirmation before making a trading decision.
#IMFSaysTokenizedMarketsSmall