$BTC is currently trapped in a wide range between $82,563 (support) and $87,220 (resistance). The market is cooling off and liquidity is accumulating within this range.
· Short term (1 hour): Bearish. The 1-hour chart shows lower highs (86,999 → 86,130) and lower lows (85,037 → 84,972). Price is struggling to reclaim the $85,600–$85,800 zone and faced rejection at $86,130.
🟢 Trading scenario: Long (preferred)
· Rationale: Given the broader bullish trend and price currently testing the lower boundary of the 4-hour range, the odds favor a bounce from the current support zone.
· $BTC long entry: $84,800–$85,300 (current consolidation zone)
· Stop-loss: Below $84,200 (recent swing low)
· Take-profit:
· TP1: $86,800 (previous 1-hour lower high)
· TP2: $87,200 (4-hour range high)
· TP3: $88,000–$89,000 (macro expansion target)
🔴 $BTC short scenario: The mid-term range will only break down if the key $84,500 support is breached, triggering a deeper pullback to 83,000.
Support me—trade here only 👇
#btc #bitcoin
· Short term (1 hour): Bearish. The 1-hour chart shows lower highs (86,999 → 86,130) and lower lows (85,037 → 84,972). Price is struggling to reclaim the $85,600–$85,800 zone and faced rejection at $86,130.
🟢 Trading scenario: Long (preferred)
· Rationale: Given the broader bullish trend and price currently testing the lower boundary of the 4-hour range, the odds favor a bounce from the current support zone.
· $BTC long entry: $84,800–$85,300 (current consolidation zone)
· Stop-loss: Below $84,200 (recent swing low)
· Take-profit:
· TP1: $86,800 (previous 1-hour lower high)
· TP2: $87,200 (4-hour range high)
· TP3: $88,000–$89,000 (macro expansion target)
🔴 $BTC short scenario: The mid-term range will only break down if the key $84,500 support is breached, triggering a deeper pullback to 83,000.
Support me—trade here only 👇
#btc #bitcoin
