At this level, I actually don’t really feel like chasing BTC.
Looking at the Binance order book, BTC is currently hovering around $84,600. There’s fairly clear resistance in the $85,000–$86,000 area above it.
My view is:
There’s still a further pullback to come.
If it later breaks below $83,000,
I’ll pay close attention to the $81,000–$82,000 zone.
Especially around $81,000.
If there’s a clear reversal signal here—stopping the downside, shrinking volume, and then reclaiming the key levels—then I would start considering a medium-to-long-term position.
Why?
Because the market structure hasn’t turned fully bearish.
The daily structure is still there.
It’s just that after a short-term run up,
we need a decent correction to digest the overhead pressure.
So my thinking is very simple:
Don’t chase if it’s above $85,000.
Break below $83,000 and watch for a pullback.
Look for opportunities around $81,000.
If it really gives me a chance near $81,000,
I’ll take a serious look.
Not because I can predict the bottom,
but because:
Comfortable medium-to-long-term entries are often not bought when the market is most excited—
but rather waited for when people start to doubt.
Of course, $81,000 isn’t “guaranteed” to be reached.
If BTC instead reclaims above $86,000 with renewed volume,
then this pullback logic needs to be reassessed.
Trading isn’t about guessing the bottom.
It’s about making a plan in advance and waiting for the market to give you the answer.
#BTC .
Looking at the Binance order book, BTC is currently hovering around $84,600. There’s fairly clear resistance in the $85,000–$86,000 area above it.
My view is:
There’s still a further pullback to come.
If it later breaks below $83,000,
I’ll pay close attention to the $81,000–$82,000 zone.
Especially around $81,000.
If there’s a clear reversal signal here—stopping the downside, shrinking volume, and then reclaiming the key levels—then I would start considering a medium-to-long-term position.
Why?
Because the market structure hasn’t turned fully bearish.
The daily structure is still there.
It’s just that after a short-term run up,
we need a decent correction to digest the overhead pressure.
So my thinking is very simple:
Don’t chase if it’s above $85,000.
Break below $83,000 and watch for a pullback.
Look for opportunities around $81,000.
If it really gives me a chance near $81,000,
I’ll take a serious look.
Not because I can predict the bottom,
but because:
Comfortable medium-to-long-term entries are often not bought when the market is most excited—
but rather waited for when people start to doubt.
Of course, $81,000 isn’t “guaranteed” to be reached.
If BTC instead reclaims above $86,000 with renewed volume,
then this pullback logic needs to be reassessed.
Trading isn’t about guessing the bottom.
It’s about making a plan in advance and waiting for the market to give you the answer.
#BTC .