$BTC — The rebound needs confirmation
BTC Futures is trading around 82,557 USDT, up 0.434% over the past 24 hours. The latest 4H candle closed after rebounding from 82,305 to 82,578, but the latest 1H candle pulled back to 82,590 after reaching 82,690; the rebound has yet to break above the 82,721 high.
🟢 Favor the upside rebound if a 1H candle closes above 82,721.4. The next level is 82,980, the high of a closed 4H candle. This view is invalidated if a 1H candle closes below 82,500. Wait for a candle close to avoid mistaking intrahour fluctuations for a breakout.
Personal observation, not a recommendation. Risk 1%; always set a stop.
#BTC #Bitcoin #Futures
BTC Futures is trading around 82,557 USDT, up 0.434% over the past 24 hours. The latest 4H candle closed after rebounding from 82,305 to 82,578, but the latest 1H candle pulled back to 82,590 after reaching 82,690; the rebound has yet to break above the 82,721 high.
🟢 Favor the upside rebound if a 1H candle closes above 82,721.4. The next level is 82,980, the high of a closed 4H candle. This view is invalidated if a 1H candle closes below 82,500. Wait for a candle close to avoid mistaking intrahour fluctuations for a breakout.
Personal observation, not a recommendation. Risk 1%; always set a stop.
#BTC #Bitcoin #Futures