$BTC Breaks $87K, Bitcoin returns for a Retest at $83K – $84K | Hold strong or Dump? 📈📉
After an impressive breakout to a short-term peak at $87,000, #Bitcoin has faced short-term profit-taking pressure and is now moving back to test the demand zone around $83,000 – $84,500.
Quick technical outlook:
1️⃣ D1 Structure: This pullback is completely natural to cool down the RSI (H4) indicator from the overbought area. The higher highs/lows structure after the top still holds firmly.
2️⃣ Key Support Zone ($83,000 - $84,500): The former resistance area has flipped into support (S/R Flip). If the daily candle wicks and holds above $83,500, the continuation uptrend toward the $90,000 target is very likely.
3️⃣ Backup scenario: If $83,000 breaks, price may sweep liquidity down to the H4 MA20/MA50 zone ($81,000 - $81,500) before bouncing back.
💡 Strategy:
* Spot: Watch for reversal candle signals around $83k-$84k for DCA, and avoid FOMO chasing purchases while the price is still hovering.
* Futures: Set a tight stop-loss and watch for two-sided wick-sweeps during this phase.
Guys, are you accumulating this retest move or staying on the sidelines? 👇
#Bitcoin #BTC #Crypto #Analysis #Trading
After an impressive breakout to a short-term peak at $87,000, #Bitcoin has faced short-term profit-taking pressure and is now moving back to test the demand zone around $83,000 – $84,500.
Quick technical outlook:
1️⃣ D1 Structure: This pullback is completely natural to cool down the RSI (H4) indicator from the overbought area. The higher highs/lows structure after the top still holds firmly.
2️⃣ Key Support Zone ($83,000 - $84,500): The former resistance area has flipped into support (S/R Flip). If the daily candle wicks and holds above $83,500, the continuation uptrend toward the $90,000 target is very likely.
3️⃣ Backup scenario: If $83,000 breaks, price may sweep liquidity down to the H4 MA20/MA50 zone ($81,000 - $81,500) before bouncing back.
💡 Strategy:
* Spot: Watch for reversal candle signals around $83k-$84k for DCA, and avoid FOMO chasing purchases while the price is still hovering.
* Futures: Set a tight stop-loss and watch for two-sided wick-sweeps during this phase.
Guys, are you accumulating this retest move or staying on the sidelines? 👇
#Bitcoin #BTC #Crypto #Analysis #Trading
