markey

Look a little further

#BTC
Look at the next 24–72 hours

On the 4-hour timeframe, the trend is still bearish. Any rise remains a rebound within this trend as long as the price has not regained resistance zones and held them.

The first improvement begins with an hourly close above 81,400, to open an attempt toward 81,800–82,300. If the price closes 4 hours above 82,300, then retests it and closes an hour above it again, the return toward 82,650 then 83,200–83,250 becomes closer.

Breaking 83,250 with a 4-hour close will be a bigger structural improvement, and it may open the way toward 83,800–84,400. Reaching this area alone does not mean the correction is over; the most important thing is the price’s ability to form a higher low afterward.

On the other hand, an hourly close below 80,716 and the failure to reclaim it keeps pressure toward 80,400–80,600. If the drop extends and there is a 4-hour close below 80,400, then the 79,400–79,600 zone appears for monitoring, followed by 78,000–78,200. These areas are not confirmed supports.

The dividing level over the next two days is 82,300: staying below it keeps the picture weak, and reclaiming it under the mentioned conditions provides a chance for a broader recovery. But confirming an improvement in structure requires a break above 83,250.

More to be discussed in due time
🐋 Jimi
$BTC
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