BTC/USDT โ Binance Square ๐
Bitcoin is trading around $83,405 on the 12H chart after rejection from the $87,385 area. Price is now testing an important support zone, while RSI(6) near 30.6 shows short-term momentum has weakened.
๐ข Support: $82,500โ$82,700
๐ข Major Support: $81,500โ$81,600
๐ด Resistance: $85,250โ$85,650
๐ด Major Resistance: $87,385
Chart view: Holding the $82.5K area could allow BTC to stabilize and retest $85Kโ$85.6K. A sustained break below support would make the $81.5K region important. Reclaiming $85.6K would improve the short-term structure.
The broader market is also watching macro pressure from yields and the U.S. dollar, which has recently weighed on Bitcoin. ๏ฟฝ
Barron's +1
โ ๏ธ Educational analysis only โ crypto prices can move sharply in either direction.
#BTCUSDT #BinanceSquare #TechnicalAnalysiss #Support #resistance
Bitcoin is trading around $83,405 on the 12H chart after rejection from the $87,385 area. Price is now testing an important support zone, while RSI(6) near 30.6 shows short-term momentum has weakened.
๐ข Support: $82,500โ$82,700
๐ข Major Support: $81,500โ$81,600
๐ด Resistance: $85,250โ$85,650
๐ด Major Resistance: $87,385
Chart view: Holding the $82.5K area could allow BTC to stabilize and retest $85Kโ$85.6K. A sustained break below support would make the $81.5K region important. Reclaiming $85.6K would improve the short-term structure.
The broader market is also watching macro pressure from yields and the U.S. dollar, which has recently weighed on Bitcoin. ๏ฟฝ
Barron's +1
โ ๏ธ Educational analysis only โ crypto prices can move sharply in either direction.
#BTCUSDT #BinanceSquare #TechnicalAnalysiss #Support #resistance