TECHNICAL ANALYSIS | $BTC
$BTC is trading around $82,884.6 after being rejected at the local resistance of $84,000.0 and consolidating above the key support at $82,000.0. The decisive level defining the short-term structure remains $82,000.0.
• Zone: defend support in the $81,000.0–$82,000.0 range at the close of this 4H candle.
• Invalidation: a 4H close below $81,000.0 invalidates the rebound and sends price directly toward the floor at $80,200.0.
• Target: break through resistance at $84,000.0 to seek acceleration toward $85,500.0 and $87,000.0.
Will it continue consolidating above $82,000.0, or drop to test the recent low? 📈
#BitcoinOptionsVolatilityHitsFiveYearLow
$BTC is trading around $82,884.6 after being rejected at the local resistance of $84,000.0 and consolidating above the key support at $82,000.0. The decisive level defining the short-term structure remains $82,000.0.
• Zone: defend support in the $81,000.0–$82,000.0 range at the close of this 4H candle.
• Invalidation: a 4H close below $81,000.0 invalidates the rebound and sends price directly toward the floor at $80,200.0.
• Target: break through resistance at $84,000.0 to seek acceleration toward $85,500.0 and $87,000.0.
Will it continue consolidating above $82,000.0, or drop to test the recent low? 📈
#BitcoinOptionsVolatilityHitsFiveYearLow