$BTC
BTC pumped above $84K late Sunday, then slipped back below. Reports also recorded the move above $84K and subsequent pullback.
My overall bias stays bearish, but the 1H chart shows buyers gaining strength. BTC trades above all three displayed EMAs, with RSI near 63. A rejection alone does not confirm another selloff.
What would change my view? A 4H close above $84,180, followed by a successful retest of $84K–$84,180 as support, would weaken my bearish outlook. A broader reversal still needs higher highs and higher lows on the daily chart.
Support sits around $83,500, then $83,280. Losing both would strengthen the bearish case and expose $82,750, followed by $82,500.
I’m watching whether buyers hold the breakout. Until then, this bounce has more to prove.
#btc
BTC pumped above $84K late Sunday, then slipped back below. Reports also recorded the move above $84K and subsequent pullback.
My overall bias stays bearish, but the 1H chart shows buyers gaining strength. BTC trades above all three displayed EMAs, with RSI near 63. A rejection alone does not confirm another selloff.
What would change my view? A 4H close above $84,180, followed by a successful retest of $84K–$84,180 as support, would weaken my bearish outlook. A broader reversal still needs higher highs and higher lows on the daily chart.
Support sits around $83,500, then $83,280. Losing both would strengthen the bearish case and expose $82,750, followed by $82,500.
I’m watching whether buyers hold the breakout. Until then, this bounce has more to prove.
#btc