Continuing to analyze the broader market 🥰
BTC is fluctuating around $83,000 today, a little stronger than yesterday. After bouncing back from Thursday’s low of $80,400, it has managed to stabilize for now.
Technically, the price is still holding above the 50-day EMA. The RSI is around 50–55, in neutral territory, while the short-term MACD is still negative or has only just turned around. Overall, though, the structure remains intact above $80,400.
Looking at key support levels, there’s $81,800–$82,300, then the previous low around $80,400, and the SuperTrend around $79,600–$80,000.
For resistance, the short-term level to watch is $83,500–$84,400. To make another serious push higher, it would need to break above $85,000, with the previous high of $87,000 beyond that.
But trading volume usually dries up over the weekend, which is frustrating and can make for a choppy, drawn-out ride.
bitcoin:native
Quoted @wen394428142129: BTC has been bouncing around $82,000 again today. It dropped from $87,000 the day before yesterday and liquidated me several times. My heart can barely take it anymore. I’ve checked the chart now, and the price is still above the 50-day EMA, so overall it hasn’t completely broken down yet.…
$BTC
NFA. Do your own research.
BTC is fluctuating around $83,000 today, a little stronger than yesterday. After bouncing back from Thursday’s low of $80,400, it has managed to stabilize for now.
Technically, the price is still holding above the 50-day EMA. The RSI is around 50–55, in neutral territory, while the short-term MACD is still negative or has only just turned around. Overall, though, the structure remains intact above $80,400.
Looking at key support levels, there’s $81,800–$82,300, then the previous low around $80,400, and the SuperTrend around $79,600–$80,000.
For resistance, the short-term level to watch is $83,500–$84,400. To make another serious push higher, it would need to break above $85,000, with the previous high of $87,000 beyond that.
But trading volume usually dries up over the weekend, which is frustrating and can make for a choppy, drawn-out ride.
bitcoin:native
Quoted @wen394428142129: BTC has been bouncing around $82,000 again today. It dropped from $87,000 the day before yesterday and liquidated me several times. My heart can barely take it anymore. I’ve checked the chart now, and the price is still above the 50-day EMA, so overall it hasn’t completely broken down yet.…
$BTC
NFA. Do your own research.