$BTC still in an important area.
If 82.5K–83.3K breaks, don't panic right away. There are several support levels to watch:
80K–81K → main demand zone
77.5K–78.2K → next support
76.1K → Fib 38.2%
72.6K → Fib 50%
69.1K → Fib 61.8%
The key level now is 80K.
If it only wicks below and then reclaims the level, it could be a fakeout.
But if the daily close is below 80K and the retest fails, the way down to 78K–76K opens up further.
Not fully bearish yet. Let's see how it reacts.
#BTC #bitcoin
If 82.5K–83.3K breaks, don't panic right away. There are several support levels to watch:
80K–81K → main demand zone
77.5K–78.2K → next support
76.1K → Fib 38.2%
72.6K → Fib 50%
69.1K → Fib 61.8%
The key level now is 80K.
If it only wicks below and then reclaims the level, it could be a fakeout.
But if the daily close is below 80K and the retest fails, the way down to 78K–76K opens up further.
Not fully bearish yet. Let's see how it reacts.
#BTC #bitcoin