**đ BTC/USDT: correction or reversal? My take (08/10)**
Bitcoin is at ~US$ 82.900 (-1.4% in 24h), after being rejected at the US$ 87.000 area and losing the Bollinger Bandsâ daily moving average.
**Technical analysis:**
đ» Daily: MACD crossed downward, OBV is falling, and volume is weak
đ But StochRSI (~11) and Williams %R (~-93) are oversold, leaving room for a bounce
đș Weekly: the trend is still positive, but stretched
**News:** more than US$ 600 million liquidated in 24h, ETFs showing irregular flows (inflows on Tuesday, outflows on Wednesday), and weak spot demand, according to Glassnode. The mood is cautious, not panicked.
**Levels Iâm watching:**
â Support: US$ 82.000â83.000
â ïž If it breaks: US$ 80.000 and then ~US$ 75.000
đ§ Resistance: US$ 84.000â84.300 and US$ 87.000
To me, this is a correction within a broader trend that is still positive, but it will only gain strength if ETFs start seeing consistent inflows again.
What do you thinkâwill it hold above US$ 82 thousand? đ
â ïž This is not investment advice. Do your own analysis.
#Bitcoin #BTC #TechnicalAnalysis #CRİPTO
Bitcoin is at ~US$ 82.900 (-1.4% in 24h), after being rejected at the US$ 87.000 area and losing the Bollinger Bandsâ daily moving average.
**Technical analysis:**
đ» Daily: MACD crossed downward, OBV is falling, and volume is weak
đ But StochRSI (~11) and Williams %R (~-93) are oversold, leaving room for a bounce
đș Weekly: the trend is still positive, but stretched
**News:** more than US$ 600 million liquidated in 24h, ETFs showing irregular flows (inflows on Tuesday, outflows on Wednesday), and weak spot demand, according to Glassnode. The mood is cautious, not panicked.
**Levels Iâm watching:**
â Support: US$ 82.000â83.000
â ïž If it breaks: US$ 80.000 and then ~US$ 75.000
đ§ Resistance: US$ 84.000â84.300 and US$ 87.000
To me, this is a correction within a broader trend that is still positive, but it will only gain strength if ETFs start seeing consistent inflows again.
What do you thinkâwill it hold above US$ 82 thousand? đ
â ïž This is not investment advice. Do your own analysis.
#Bitcoin #BTC #TechnicalAnalysis #CRİPTO