Before Bitcoin at $83,000 has been overturned and pushed back down, longs still need to hold their final ground.
Once it falls back to $83,000, that would indicate the entire late-evening upswing was essentially a trap, and ultimately you’ll have no choice but to retreat.
But as long as it hasn’t fallen back below $83,000, the overall trend still has the possibility of building a higher bottom afterward and stabilizing further upward. In October, it’s still possible to try for a move toward $87,000/$90,000.
Once it falls back to $83,000, that would indicate the entire late-evening upswing was essentially a trap, and ultimately you’ll have no choice but to retreat.
But as long as it hasn’t fallen back below $83,000, the overall trend still has the possibility of building a higher bottom afterward and stabilizing further upward. In October, it’s still possible to try for a move toward $87,000/$90,000.
