$BTC This morning, Bitcoin came under pressure and retreated from last night's high of 83,500. After pulling back to around 82,600, the decline slowed and price entered a range-bound phase.
After rising to around 83,500 last night, short-term profit-taking triggered a pullback. However, there was no sustained selling pressure during the retreat. The price stabilized at 82,600, where buying support emerged, and the market entered a sideways tug-of-war.
From a chart-structure perspective, this pullback is a technical retracement after the rally, not a trend reversal. The bulls and bears are now pausing as they contend with each other. The key resistance level to watch above is 83,500, while support is at 82,600. If support holds on a retest, the bulls may still have another opportunity to test the previous high.
Morning trade ideas:
Bitcoin: Long at 82,000–82,400, target 83,000
Ethereum: Long at 2,450–2,460, target 2,510
#比特币反弹至8.3万美元 $ETH
After rising to around 83,500 last night, short-term profit-taking triggered a pullback. However, there was no sustained selling pressure during the retreat. The price stabilized at 82,600, where buying support emerged, and the market entered a sideways tug-of-war.
From a chart-structure perspective, this pullback is a technical retracement after the rally, not a trend reversal. The bulls and bears are now pausing as they contend with each other. The key resistance level to watch above is 83,500, while support is at 82,600. If support holds on a retest, the bulls may still have another opportunity to test the previous high.
Morning trade ideas:
Bitcoin: Long at 82,000–82,400, target 83,000
Ethereum: Long at 2,450–2,460, target 2,510
#比特币反弹至8.3万美元 $ETH