๐ BTC ANALYSIS โ August 24
๐น Strong rise since early morning
๐น High: 79,974.8 โ almost touched 80k
๐น But it was with WICK (mecha), the body didnโt close above = false breakout โ ๏ธ
๐น It stepped back in an orderly way and is now consolidating at 78,881
๐น RSI fell to 49.7 โ breathing, no bullish strength for now
๐น Still above the moving averages โ the bigger trend remains bullish โ
๐ฏ CLEAR LEVELS:
๐บ Resistance: 79,974 โ 80,100
๐ก Current zone: 78,700 โ 79,200
๐ข Support: 78,600 โ 78,800
๐ด If it breaks 78,500 โ be careful, it may drop more
๐ก CONCLUSION:
It tried to break 80k, couldnโt, and now itโs breathing. We didnโt enter today and that was the right call: only a wick is not a signal. We wait for the body close above to confirm. Patience is also a win.
#BTC #Trading #TechnicalAnalysis #Patience #Disciplina
๐น Strong rise since early morning
๐น High: 79,974.8 โ almost touched 80k
๐น But it was with WICK (mecha), the body didnโt close above = false breakout โ ๏ธ
๐น It stepped back in an orderly way and is now consolidating at 78,881
๐น RSI fell to 49.7 โ breathing, no bullish strength for now
๐น Still above the moving averages โ the bigger trend remains bullish โ
๐ฏ CLEAR LEVELS:
๐บ Resistance: 79,974 โ 80,100
๐ก Current zone: 78,700 โ 79,200
๐ข Support: 78,600 โ 78,800
๐ด If it breaks 78,500 โ be careful, it may drop more
๐ก CONCLUSION:
It tried to break 80k, couldnโt, and now itโs breathing. We didnโt enter today and that was the right call: only a wick is not a signal. We wait for the body close above to confirm. Patience is also a win.
#BTC #Trading #TechnicalAnalysis #Patience #Disciplina