$BTC H1 — SELLING PRESSURE IS RISING SHARPLY
BTC is currently around 83,980, after quickly losing the 85K level and dropping sharply to 83.5K.
On the H1 timeframe, the structure has weakened noticeably. Notably, the two most recent bearish candles had very high volume, especially the candle that fell from 84.33K to 83.82K, with volume exceeding 26K BTC.
For now, 83.5–84K is the zone to watch. If this area holds and buying pressure absorbs the selling, BTC could rebound and retest 84.5–85K.
Conversely, if 83.5K is lost, selling pressure could continue to build, further weakening the H1 structure.
For now, it is too early to call this a normal pullback, as selling volume is rising sharply. BTC needs to stabilize around 84K before a recovery can be confirmed.
Don't FOMO. Wait for confirmation from the structure.
$BTC
BTC is currently around 83,980, after quickly losing the 85K level and dropping sharply to 83.5K.
On the H1 timeframe, the structure has weakened noticeably. Notably, the two most recent bearish candles had very high volume, especially the candle that fell from 84.33K to 83.82K, with volume exceeding 26K BTC.
For now, 83.5–84K is the zone to watch. If this area holds and buying pressure absorbs the selling, BTC could rebound and retest 84.5–85K.
Conversely, if 83.5K is lost, selling pressure could continue to build, further weakening the H1 structure.
For now, it is too early to call this a normal pullback, as selling volume is rising sharply. BTC needs to stabilize around 84K before a recovery can be confirmed.
Don't FOMO. Wait for confirmation from the structure.
$BTC