📉 $BTC It fell just as we expected, and now we’ve reached the first testing zone
From our reading yesterday, I could see that Bitcoin still had room to fall—and that’s exactly what happened.
Right now, we’re entering the $82,000 – $79,500 zone, and for me this is one of the most important areas we need to watch.
🔹 Technically: we may see buy-side accumulation from here. If the price holds above it and starts rebounding, we could see good opportunities in some alternative coins.
🔹 Psychologically: honestly, the current move has a positive side. Bitcoin managed to liquidate a lot of positions, pulling down the lows and triggering stop-losses for people who entered during the past few weeks. Even the smaller timeframes started giving us signals that a potential rebound may be forming.
🔹 Fundamentally: here I’m still cautious. The overall situation hasn’t changed, and we’re still in a risky phase with pressure on the market.
For me, the technical and psychological sides give us a chance to start looking for gradual entries and for buying opportunities to take advantage of the drop. But the fundamentals say that any rebound from here could be speculative—so it’s better to secure profits instead of assuming the bottom is confirmed.
🛑 My last line of defense is the daily 50 EMA zone near $79,700. Breaking it and closing daily below it could change the entire scenario.
From our reading yesterday, I could see that Bitcoin still had room to fall—and that’s exactly what happened.
Right now, we’re entering the $82,000 – $79,500 zone, and for me this is one of the most important areas we need to watch.
🔹 Technically: we may see buy-side accumulation from here. If the price holds above it and starts rebounding, we could see good opportunities in some alternative coins.
🔹 Psychologically: honestly, the current move has a positive side. Bitcoin managed to liquidate a lot of positions, pulling down the lows and triggering stop-losses for people who entered during the past few weeks. Even the smaller timeframes started giving us signals that a potential rebound may be forming.
🔹 Fundamentally: here I’m still cautious. The overall situation hasn’t changed, and we’re still in a risky phase with pressure on the market.
For me, the technical and psychological sides give us a chance to start looking for gradual entries and for buying opportunities to take advantage of the drop. But the fundamentals say that any rebound from here could be speculative—so it’s better to secure profits instead of assuming the bottom is confirmed.
🛑 My last line of defense is the daily 50 EMA zone near $79,700. Breaking it and closing daily below it could change the entire scenario.