📊 Our reading of $BTC
BTC corrects after the rejection at 82,300. In 15 minutes it maintains bearish pressure below its moving averages; however, in an hour it continues above the 21 and 25 EMAs. For now, we interpret this as a correction within a sideways-bullish market, not as a confirmed bearish change.
🔹 Supports: 80,700 · 80,300 · 80,000 · 79,830
🔹 Resistances: 80,920 · 81,150 · 81,230
If it recovers and holds 81,230, it could reactivate bullish momentum. If it loses 80,700 with volume, the likelihood of seeking lower supports would increase.
Do you expect a bounce or a continuation of the correction?
Educational analysis and personal opinion; not financial advice.
#Bitcoin #BTC #CryptoMarkets
BTC corrects after the rejection at 82,300. In 15 minutes it maintains bearish pressure below its moving averages; however, in an hour it continues above the 21 and 25 EMAs. For now, we interpret this as a correction within a sideways-bullish market, not as a confirmed bearish change.
🔹 Supports: 80,700 · 80,300 · 80,000 · 79,830
🔹 Resistances: 80,920 · 81,150 · 81,230
If it recovers and holds 81,230, it could reactivate bullish momentum. If it loses 80,700 with volume, the likelihood of seeking lower supports would increase.
Do you expect a bounce or a continuation of the correction?
Educational analysis and personal opinion; not financial advice.
#Bitcoin #BTC #CryptoMarkets