$BTC is holding $83K, but buyers need to step in ๐
Bitcoin is trading around $83,064 after struggling to push higher toward $83,100.
Here's what I am watching:
๐น Resistance: $83,100โ$83,175
๐น Support to watch: $83,000, then $82,975
๐ Bullish scenario: BTC reclaims $83,100 and holds above it. That could open another attempt at the recent high.
๐ Bearish scenario: Losing $83,000 could bring $82,975 into focus.
RSI(6) is around 20, showing strong short-term weakness. But an oversold reading alone isn't a buy signal.
My plan: wait for confirmation instead of catching a falling knife.
$BTC traders, are we getting a recovery or another leg down?
Bitcoin is trading around $83,064 after struggling to push higher toward $83,100.
Here's what I am watching:
๐น Resistance: $83,100โ$83,175
๐น Support to watch: $83,000, then $82,975
๐ Bullish scenario: BTC reclaims $83,100 and holds above it. That could open another attempt at the recent high.
๐ Bearish scenario: Losing $83,000 could bring $82,975 into focus.
RSI(6) is around 20, showing strong short-term weakness. But an oversold reading alone isn't a buy signal.
My plan: wait for confirmation instead of catching a falling knife.
$BTC traders, are we getting a recovery or another leg down?