⚠️ BTC rebound stalls at 84,000! Is this a bull trap or the start of a reversal?
📊 Market Snapshot
• BTC: $83,990 (+1.2%) Short-term rebound meets resistance near 84,000
• ETH: $2,547 (+2.1%) Relatively strong, with a larger rebound than BTC
🔍 Key Analysis
1️⃣ Wyckoff: Markdown continuation after distribution
After distribution was completed at $87,220, the price entered a downtrend. $81,773 formed the first SC (Selling Climax). The current rebound to $84,000 is an LPSY (Last Point of Supply). If price cannot break above $84,500 on strong volume, the decline is likely to continue.
2️⃣ 2B Rule: Bottom 2B signal not yet confirmed
The price has rebounded from the $81,773 low, but has not yet formed a pattern of breaking below the low and then reclaiming it. A bottom 2B requires: break below $81,773 → quickly reclaim it → retest without breaking below. These conditions are not currently met.
3️⃣ Dow Theory: A rebound within a downtrend
Sequence of lower highs: $87,220 → $86,999 → $85,598 (continuing to decline). The current rebound is merely a technical recovery after being oversold; the trend has not reversed.
🛡️ Trading Strategy
• Key resistance: BTC $84,500 / $85,600; ETH $2,555 / $2,640
• Key support: BTC $82,800 / $81,773; ETH $2,498 / $2,466
• Signals to watch: The rebound is on declining volume, making an LPSY likely. Unless BTC moves above $84,500 on strong volume, the rebound is an opportunity to go short.
#BTC走势分析 #ETH Price Analysis
📊 Market Snapshot
• BTC: $83,990 (+1.2%) Short-term rebound meets resistance near 84,000
• ETH: $2,547 (+2.1%) Relatively strong, with a larger rebound than BTC
🔍 Key Analysis
1️⃣ Wyckoff: Markdown continuation after distribution
After distribution was completed at $87,220, the price entered a downtrend. $81,773 formed the first SC (Selling Climax). The current rebound to $84,000 is an LPSY (Last Point of Supply). If price cannot break above $84,500 on strong volume, the decline is likely to continue.
2️⃣ 2B Rule: Bottom 2B signal not yet confirmed
The price has rebounded from the $81,773 low, but has not yet formed a pattern of breaking below the low and then reclaiming it. A bottom 2B requires: break below $81,773 → quickly reclaim it → retest without breaking below. These conditions are not currently met.
3️⃣ Dow Theory: A rebound within a downtrend
Sequence of lower highs: $87,220 → $86,999 → $85,598 (continuing to decline). The current rebound is merely a technical recovery after being oversold; the trend has not reversed.
🛡️ Trading Strategy
• Key resistance: BTC $84,500 / $85,600; ETH $2,555 / $2,640
• Key support: BTC $82,800 / $81,773; ETH $2,498 / $2,466
• Signals to watch: The rebound is on declining volume, making an LPSY likely. Unless BTC moves above $84,500 on strong volume, the rebound is an opportunity to go short.
#BTC走势分析 #ETH Price Analysis