This BTC pullback isn’t over yet, and $83,000 is already being tested.
Over the past two days, BTC has slid from around $87,000, breaking below $83,000 and dropping to just over $82,700. About $696 million in positions were liquidated over 24 hours, most of them longs. Although the price has now returned to around $83,000, the short-term structure has clearly weakened.
$83,000 is a key level. If the price can reclaim $83,000 and gradually recover $84,000, there may be room for a short-term recovery, with $86,500–$87,000 as the next area to watch.
If BTC continues to struggle to reclaim $83,000, the next level to watch is $80,000. Data today already shows some buying support emerging around $81,000–$82,000, but if that zone also breaks, selling pressure could extend lower.
Another complication is that the macro environment is adding pressure at the same time.
Brent crude has surged back above $100, the 10-year U.S. Treasury yield has reached around 5.3%, and the U.S. Dollar Index has risen to around 102. Rising oil prices could reignite inflationary pressure, while higher yields and a stronger dollar may limit the flow of capital into risk assets. BTC is now facing all of these factors at once.
So, in the short term, I’m sticking with my previous view: over the next 2–3 days, expect continued sideways-to-weaker price action while we wait for a daily low to form.
The broader outlook has not changed for now either. Over the next 2–3 weeks, the bias remains toward choppy downward movement, with $75,000 or even lower still an area to watch in the medium term.
For now, the three most important levels are:
$83,000: Can BTC reclaim this level in the short term?
$80,000: The next key support.
$75,000: The target area on the broader timeframe.
Until price action around these levels becomes clearer, treat any bounce as a bounce. Don’t rush to call a single rally a trend reversal.
#BTC #比特币 #MarketAnalysis📈
Over the past two days, BTC has slid from around $87,000, breaking below $83,000 and dropping to just over $82,700. About $696 million in positions were liquidated over 24 hours, most of them longs. Although the price has now returned to around $83,000, the short-term structure has clearly weakened.
$83,000 is a key level. If the price can reclaim $83,000 and gradually recover $84,000, there may be room for a short-term recovery, with $86,500–$87,000 as the next area to watch.
If BTC continues to struggle to reclaim $83,000, the next level to watch is $80,000. Data today already shows some buying support emerging around $81,000–$82,000, but if that zone also breaks, selling pressure could extend lower.
Another complication is that the macro environment is adding pressure at the same time.
Brent crude has surged back above $100, the 10-year U.S. Treasury yield has reached around 5.3%, and the U.S. Dollar Index has risen to around 102. Rising oil prices could reignite inflationary pressure, while higher yields and a stronger dollar may limit the flow of capital into risk assets. BTC is now facing all of these factors at once.
So, in the short term, I’m sticking with my previous view: over the next 2–3 days, expect continued sideways-to-weaker price action while we wait for a daily low to form.
The broader outlook has not changed for now either. Over the next 2–3 weeks, the bias remains toward choppy downward movement, with $75,000 or even lower still an area to watch in the medium term.
For now, the three most important levels are:
$83,000: Can BTC reclaim this level in the short term?
$80,000: The next key support.
$75,000: The target area on the broader timeframe.
Until price action around these levels becomes clearer, treat any bounce as a bounce. Don’t rush to call a single rally a trend reversal.
#BTC #比特币 #MarketAnalysis📈