BTC is starting to push downward again, but I don’t recommend going long or entering a trade at this point.
Right now the price is consolidating around 83,500, and the 4-hour chart is testing support at 82,700–83,000.
The bearish sentiment isn’t weak, but in the short term there could be a rebound first at any moment.
My view: as long as it doesn’t reclaim 84,700, I’d treat any rebound as weak; only after there is a valid breakdown below 82,700 should we look at 81,600–81,800.
If it manages to regain 85,300, then the bearish thesis needs to be reassessed.
So this is not a good spot to chase a trade impulsively. I’ll wait for confirmation and won’t gamble on direction near the support level.
Wait for the opportunity—many times, that’s how you avoid getting repeatedly chopped up by the market.
Do you think BTC will break below 82,700 first, or rebound back to 85,300 first?🤔🤔$QI $QUICK $PHA #Bitget黑客伪造转账请求非窃取私钥
Right now the price is consolidating around 83,500, and the 4-hour chart is testing support at 82,700–83,000.
The bearish sentiment isn’t weak, but in the short term there could be a rebound first at any moment.
My view: as long as it doesn’t reclaim 84,700, I’d treat any rebound as weak; only after there is a valid breakdown below 82,700 should we look at 81,600–81,800.
If it manages to regain 85,300, then the bearish thesis needs to be reassessed.
So this is not a good spot to chase a trade impulsively. I’ll wait for confirmation and won’t gamble on direction near the support level.
Wait for the opportunity—many times, that’s how you avoid getting repeatedly chopped up by the market.
Do you think BTC will break below 82,700 first, or rebound back to 85,300 first?🤔🤔$QI $QUICK $PHA #Bitget黑客伪造转账请求非窃取私钥
