9🈷️21日 $BTC technical market analysis

A new week begins—wishing everyone a bountiful harvest 💹

This morning, Bitcoin pushed up again to around 82,000, then quickly pulled back. That implies 82,000 is the turning point for this leg of the market. I’ve been saying that currently, at the weekly level, there hasn’t been enough time—within a month—to break above 82,000. So the resistance overhead remains relatively strong. The next direction is actually very clear: as long as we can hold above 82,000, we can start the reversal. If not, then we’ll likely revisit the range of 72,000 to 67,000.

In the short term, I’ve believed this level is a second retracement bounce at the daily-chart level. We’ve now formed a double-top structure, and the MACD has already formed a bearish divergence. So next, pay attention to whether the 78,300 level can hold. If it can’t, downside will open up further space.

To summarize: at 82,300, as long as price doesn’t manage to hold, it will pull back.

Support: 78300-76500
Resistance: 82300
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