10.12 BTC Silk Road $BTC
Direction: Bearish; consider entering if a rebound meets resistance
Entry zone: 83780–84000
Risk zone: 84250–84400
Take-profit targets: 83500 → 83200 → 83030
Key takeaway: BTC surged to 84199 this morning before pulling back. It is now trading around 83701, below MA(7) at 83724 and MA(30) at 83827, indicating that short-term rebound momentum has weakened. First, watch whether 83780–84000 acts as resistance. If the rebound is weak, maintain a bearish bias; if price breaks below 83500, watch 83200 and the previous low near 83026. If price regains and holds above 84199, be cautious about the short-term bearish outlook. $BTC #BTC
Direction: Bearish; consider entering if a rebound meets resistance
Entry zone: 83780–84000
Risk zone: 84250–84400
Take-profit targets: 83500 → 83200 → 83030
Key takeaway: BTC surged to 84199 this morning before pulling back. It is now trading around 83701, below MA(7) at 83724 and MA(30) at 83827, indicating that short-term rebound momentum has weakened. First, watch whether 83780–84000 acts as resistance. If the rebound is weak, maintain a bearish bias; if price breaks below 83500, watch 83200 and the previous low near 83026. If price regains and holds above 84199, be cautious about the short-term bearish outlook. $BTC #BTC