$BTC A rebound is good news.
As noted yesterday, a break below 81900 would allow us to plan a right-side short, targeting 80200. That scenario has played out.
--Shorting at higher levels remains an option. 84300 is a clear resistance level and also the 61.8% Fibonacci retracement level, making it a suitable place to try a short.
---The rebound started at 80300, so this is the only level to consider for subsequent dip-buying. No support reaction has appeared at other levels so far.
----The daily chart has not clearly broken below 81900, so we’re still keeping an eye on this level.
As noted yesterday, a break below 81900 would allow us to plan a right-side short, targeting 80200. That scenario has played out.
--Shorting at higher levels remains an option. 84300 is a clear resistance level and also the 61.8% Fibonacci retracement level, making it a suitable place to try a short.
---The rebound started at 80300, so this is the only level to consider for subsequent dip-buying. No support reaction has appeared at other levels so far.
----The daily chart has not clearly broken below 81900, so we’re still keeping an eye on this level.