๐จ $BTC STRUGGLES BELOW SUPPLY AT $84,000 AS BEARISH MOMENTUM PERSISTS ๐
The daily structure shows clear distribution following the rejection from $87,395, with buyers failing to absorb overhead supply between $83,000 and $84,000. ๐ Price remains capped beneath both the 7-day and 25-day EMAs while daily RSI prints 42, confirming seller dominance.
Without high-volume absorption reclaiming that supply block, price remains drawn toward internal liquidity pools at $80,000 and $79,800. ๐ A breakdown below these levels leaves the 99-day EMA near $76,760 exposed for a deeper macro reset. ๐
๐ค Do you expect buyers to defend the $80,000 liquidity shelf, or are we sweeping down to the 99-day EMA? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #BTC #Bitcoin #MarketStructure #CryptoAnalysis
๐ฏ ๐ฆ
The daily structure shows clear distribution following the rejection from $87,395, with buyers failing to absorb overhead supply between $83,000 and $84,000. ๐ Price remains capped beneath both the 7-day and 25-day EMAs while daily RSI prints 42, confirming seller dominance.
Without high-volume absorption reclaiming that supply block, price remains drawn toward internal liquidity pools at $80,000 and $79,800. ๐ A breakdown below these levels leaves the 99-day EMA near $76,760 exposed for a deeper macro reset. ๐
๐ค Do you expect buyers to defend the $80,000 liquidity shelf, or are we sweeping down to the 99-day EMA? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #BTC #Bitcoin #MarketStructure #CryptoAnalysis
๐ฏ ๐ฆ