AFTERNOON CHECK $BTC — morning thesis: still on hold 📊
WHAT CHANGED SINCE 10:00
In the morning, $BTC was trading at $82,642, with the RSI in oversold territory (25.5) and weekly support at $80,394 holding. It’s now at $82,932 (+1.73% in 24h): the RSI has recovered to 42.3 (neutral)—selling pressure has eased—and support has held. The price briefly touched $83,529 (above the confirmation level), but there hasn’t been a 4h candle close above $83,170.
VERDICT: STILL ON HOLD
Neither Scenario A nor B has been triggered. The price remains below the SMA-20 ($83,605) and SMA-50 ($84,541) on the 4h chart—the short-term trend remains downward.
CURRENT LEVELS
Support: $80,394 (weekly low, holding)
Nearest resistance: $83,170 (24h high) / $83,605 (SMA-20)
Next resistance: $84,541 (SMA-50)
UPDATED SCENARIOS
A: 4h close above $83,170 → recovery bias, with the SMA-20 and SMA-50 as the next targets.
B: 4h close below $80,394 → continuation-of-the-downtrend bias.
WHAT TO WATCH UNTIL THE DAILY CLOSE
Whether the price can close a 4h candle above $83,170, preferably with volume. A wick isn’t confirmation—the candle body at the close is what counts.
RISK
Trying to anticipate the bottom before confirmation remains where these setups are most costly. A close below support is the clear technical stop.
#Bitcoin #CriptoVisao
WHAT CHANGED SINCE 10:00
In the morning, $BTC was trading at $82,642, with the RSI in oversold territory (25.5) and weekly support at $80,394 holding. It’s now at $82,932 (+1.73% in 24h): the RSI has recovered to 42.3 (neutral)—selling pressure has eased—and support has held. The price briefly touched $83,529 (above the confirmation level), but there hasn’t been a 4h candle close above $83,170.
VERDICT: STILL ON HOLD
Neither Scenario A nor B has been triggered. The price remains below the SMA-20 ($83,605) and SMA-50 ($84,541) on the 4h chart—the short-term trend remains downward.
CURRENT LEVELS
Support: $80,394 (weekly low, holding)
Nearest resistance: $83,170 (24h high) / $83,605 (SMA-20)
Next resistance: $84,541 (SMA-50)
UPDATED SCENARIOS
A: 4h close above $83,170 → recovery bias, with the SMA-20 and SMA-50 as the next targets.
B: 4h close below $80,394 → continuation-of-the-downtrend bias.
WHAT TO WATCH UNTIL THE DAILY CLOSE
Whether the price can close a 4h candle above $83,170, preferably with volume. A wick isn’t confirmation—the candle body at the close is what counts.
RISK
Trying to anticipate the bottom before confirmation remains where these setups are most costly. A close below support is the clear technical stop.
#Bitcoin #CriptoVisao