Bitcoin held the support level we identified, but at the same time it’s close to an important resistance at $80,400.
The current area isn’t a trading zone for me, because we’re very close to a move and a break in one direction or the other within the coming hours.
The positive so far is that Bitcoin is still holding trading above the weekly VWAP levels.
The negative is that price spent a long time inside the channel, and every time it tries to break above it, it gets rejected and then returns to trade inside it again.
So I don’t need to overcomplicate it—I only have two levels to watch:
$80,400 from above
$78,600 from below
A 30-minute candle close outside either level—then we’ll update the trend and targets.
#BTC走势分析
$BTC
The current area isn’t a trading zone for me, because we’re very close to a move and a break in one direction or the other within the coming hours.
The positive so far is that Bitcoin is still holding trading above the weekly VWAP levels.
The negative is that price spent a long time inside the channel, and every time it tries to break above it, it gets rejected and then returns to trade inside it again.
So I don’t need to overcomplicate it—I only have two levels to watch:
$80,400 from above
$78,600 from below
A 30-minute candle close outside either level—then we’ll update the trend and targets.
#BTC走势分析
$BTC