Based on the earlier analysis, once this rate hike is in place, $BTC will most likely not drop much—instead, it may rebound.
We got the direction right, but I didn’t expect it to pull back all the way to 81,000. 😂
Seems like there really are plenty of people waiting to buy the dip below. After the bad news was out, the funds immediately started rushing back in.
Now $BTC is back at the previous resistance area. Around 82,000 there’s clearly a wall. Let’s first see whether it can break through.
My short position at 82199: when price was moving down, I closed half, and the remaining half had a break-even stop-loss set.
If it breaks upward, then I’ll admit defeat—close the remaining shorts right away, then flip to longs.
Honestly, there’s nothing wrong with that.
If BTC can truly break through the pressure around 82,000 decisively, it would suggest that market sentiment may have started a full repair, and those funds that had been waiting to buy the dip earlier have also begun to re-enter.
So now, don’t fight the market. If it breaks, chase; if it can’t, wait for the pullback. Following the trend matters more than stubbornly holding on.
#Bitcoin Breaks Above the $80,000 Mark
We got the direction right, but I didn’t expect it to pull back all the way to 81,000. 😂
Seems like there really are plenty of people waiting to buy the dip below. After the bad news was out, the funds immediately started rushing back in.
Now $BTC is back at the previous resistance area. Around 82,000 there’s clearly a wall. Let’s first see whether it can break through.
My short position at 82199: when price was moving down, I closed half, and the remaining half had a break-even stop-loss set.
If it breaks upward, then I’ll admit defeat—close the remaining shorts right away, then flip to longs.
Honestly, there’s nothing wrong with that.
If BTC can truly break through the pressure around 82,000 decisively, it would suggest that market sentiment may have started a full repair, and those funds that had been waiting to buy the dip earlier have also begun to re-enter.
So now, don’t fight the market. If it breaks, chase; if it can’t, wait for the pullback. Following the trend matters more than stubbornly holding on.
#Bitcoin Breaks Above the $80,000 Mark
