Since the BTC rebound started, this is the first time on the daily chart that it has effectively broken below the rising trendline.
Every time there’s a meeting, it falls—though a moderate dip is actually not bad!
Whether it can hold around 82,000–83,000 is crucial; it will directly determine whether this pullback is a normal retracement or if the current phase has already ended.
If the price bottoms out here and quickly reclaims 84,000–85,000, it would suggest this is just a technical shakeout after the rally, and there may still be opportunities to challenge 87,400 again, even pushing toward 90,000.
But if the daily chart closes consecutively below 82,000, and the rebound can’t get back above 83,500, then the structure would shift from “high-point consolidation” to “rebound topping.” The next move would most likely be a pullback to around 80,000, and possibly even a test of the on-chain cost line near 77,000.
I believe there will be resistance around 82,000–83,000, but the first rebound won’t reach much. Only after reclaiming and holding above 85,000 can the short-term trend be considered repaired; otherwise, the rebound is still about pressure relief rather than a reversal.
Every time there’s a meeting, it falls—though a moderate dip is actually not bad!
Whether it can hold around 82,000–83,000 is crucial; it will directly determine whether this pullback is a normal retracement or if the current phase has already ended.
If the price bottoms out here and quickly reclaims 84,000–85,000, it would suggest this is just a technical shakeout after the rally, and there may still be opportunities to challenge 87,400 again, even pushing toward 90,000.
But if the daily chart closes consecutively below 82,000, and the rebound can’t get back above 83,500, then the structure would shift from “high-point consolidation” to “rebound topping.” The next move would most likely be a pullback to around 80,000, and possibly even a test of the on-chain cost line near 77,000.
I believe there will be resistance around 82,000–83,000, but the first rebound won’t reach much. Only after reclaiming and holding above 85,000 can the short-term trend be considered repaired; otherwise, the rebound is still about pressure relief rather than a reversal.