BTC: The rebound still needs to break through the pressure zone
BTC has rebounded from around $80,300 to near $82,800, but the short-term structure has not yet fully recovered.
The daily line is still below the 20-day moving average at around $84,300, while holding above the 50-day moving average at around $80,700. At present, it looks more like a pullback and rebound after an advance, and the direction still needs further confirmation.
The key resistance above is 83,400–84,300: this area brings together recent rebound highs and moving average pressure. If it breaks out and then successfully holds on a retest, then watch 85,500–87,000.
Below, first watch around 82,200; if it gives way, it may retest 80,300–80,800. A break below the previous low and failure to reclaim it will weaken the logic of this rebound.
My view: there is currently a rebound, but the basis for chasing the rally is still insufficient. The key thing to watch is whether the close can stand above the resistance zone, and whether buying support can step in during a retest.
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