$BTC Reclaims Support — But Is This Just a Pullback Before | Pejmanzwin on Binance Square

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--Bearish

$BTC Reclaims Support — But Is This Just a Pullback Before Another Drop?

Bitcoin has experienced several sharp, high-momentum moves over the past two days, making short-term trading conditions increasingly difficult.

After touching the 50_SMA(Daily), BTC started to recover and has now moved back above the $81,950–$82,960 Support Zone.

But there is still an important technical warning.

From a classical technical analysis perspective, the current recovery could simply be a pullback toward the Neckline of the Double Top Pattern following the previous breakdown.

For now, $84,000 is the key level.

As long as Bitcoin remains below this level, I believe another bearish move remains possible.

However, there is an important detail: the stronger and further this recovery extends, the greater the probability that the next decline could be shallower or develop with weaker bearish momentum.

A strong breakout and stabilization above $84,000 would weaken the bearish scenario and significantly improve Bitcoin’s short-term bullish structure.

For now, BTC is trading at a major decision point.

What happens first?

🟢 Break and hold above $84,000

🔴 Another bearish move first

#bitcoin

Pejmanzwin

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Bearish

$BTC Drops 5% — Is the $80K Support About to Break?

Bitcoin has declined more than 5% over the past three days and lost the $81,950–$82,960 Support Zone.

BTC has started reacting from the 50_SMA(Daily), but several macro and market risks continue to support the bearish scenario.

Macro Pressure

Several factors could keep Bitcoin under pressure:

• High Liquidation Volume: Elevated leverage increases the risk of sharp moves and additional forced liquidations.

• Bitcoin Options Expiry: Upcoming expirations could create further volatility around the $84,000 area.

• Oil Above $100: Higher energy prices could reinforce inflation concerns and maintain a Risk-Off environment.

• Middle East Tensions: Continued geopolitical uncertainty remains another important risk factor.

• Weak U.S. Equities: Further weakness in the S&P 500 and other major indices could add pressure to Bitcoin.

Technical Analysis

From a classical technical perspective, Bitcoin appears to have broken below the Neckline of a Double Top Pattern, increasing the probability of further bearish continuation.

From an Elliott Wave perspective, BTC appears to be developing a Five-Wave Bearish Structure.

Wave 4 could fluctuate inside the $80,000–$83,000 range before Wave 5 develops.

The critical area is now the $79,180–$80,130 Support Zone.

If buyers fail to defend this structure and BTC confirms a breakdown, the decline could accelerate toward the key $77,550 trading level.

Trade Setup

First TP: $80,300

Second TP: $78,300
Stop Loss: $83,400

Key Levels: $84,000 | $77,550

Short Liquidation: $84,280–$85,000

Long Liquidation: $79,180–$80,000

For now, the $80,000 psychological level and 50_SMA(Daily) are the main defenses standing between Bitcoin and another bearish leg.

Which level will Bitcoin reach first?

🔴 $78,300

🟢 $83,400

#bitcoin

Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.