🚨 BTC UPDATE: Don’t Chase the Breakout First!
Bitcoin is still moving around $84K and is in a crucial area.
📌 Resistance: $85,300–$85,800
📌 Support: $82,600–$83,000
📌 Major resistance: $87,000+
🔎 Technical outlook: BTC is still above the EMA20/EMA50, but short-term momentum is starting to weaken. MACD shows bearish pressure, while volume has not yet provided strong confirmation.
🎯 Bullish scenario: BTC reclaims $85.3K with strong volume → potential continuation toward $87K.
⚠️ Bearish scenario: failure to reclaim resistance + breakdown of $82.6K → potential for a deeper pullback.
I prefer waiting for confirmation rather than making a FOMO entry.
What do you think: will BTC break out above $85K or return to test $82K?
#Bitcoin #BTC #BTCUSDT #Crypto #CryptoTrading #TechnicalAnalysis #BinanceSquare
Bitcoin is still moving around $84K and is in a crucial area.
📌 Resistance: $85,300–$85,800
📌 Support: $82,600–$83,000
📌 Major resistance: $87,000+
🔎 Technical outlook: BTC is still above the EMA20/EMA50, but short-term momentum is starting to weaken. MACD shows bearish pressure, while volume has not yet provided strong confirmation.
🎯 Bullish scenario: BTC reclaims $85.3K with strong volume → potential continuation toward $87K.
⚠️ Bearish scenario: failure to reclaim resistance + breakdown of $82.6K → potential for a deeper pullback.
I prefer waiting for confirmation rather than making a FOMO entry.
What do you think: will BTC break out above $85K or return to test $82K?
#Bitcoin #BTC #BTCUSDT #Crypto #CryptoTrading #TechnicalAnalysis #BinanceSquare
