📉 Bitcoin Slips Below $82K. Now the Spring Goes on Trial
$84.4K yesterday.
$81.2K this morning.
Almost 4% gone, and the $82.3K floor didn't hold.
For the record, last night we said losing $82.3K would send price into the $80.1K to $81.3K demand zone. That's exactly where it's sitting now.
The 4H picture has turned colder. The chart now labels the range since late September as distribution, a topping range where big players quietly sell into strength. It also flags $80.3K as a weak low, the kind of level markets love to sweep.
That puts our spring read on trial. A real spring gets retested on lighter selling and holds. So far, the selling is lighter than the October 8 flush. But if $80.3K breaks, the spring was a fake and the distribution label wins.
The lines that matter now. 🎯
Hold $80.3K, and a bounce back to $82.3K to $82.5K, old support now acting as resistance, comes first.
Reclaim that, and the $83.4K to $84.3K supply is the next wall.
Lose $80.3K, and the $75K to $78K demand zone comes into play.
Bank earnings start today and CPI lands tomorrow, so this test comes with macro pressure on top. Levels like this produce violent wicks in both directions, so leverage is the real enemy here.
Spring confirmed at $80.3K, or the floor finally gives way? 🔥
Not financial advice.
$BTC
$ETH
$SOL
$84.4K yesterday.
$81.2K this morning.
Almost 4% gone, and the $82.3K floor didn't hold.
For the record, last night we said losing $82.3K would send price into the $80.1K to $81.3K demand zone. That's exactly where it's sitting now.
The 4H picture has turned colder. The chart now labels the range since late September as distribution, a topping range where big players quietly sell into strength. It also flags $80.3K as a weak low, the kind of level markets love to sweep.
That puts our spring read on trial. A real spring gets retested on lighter selling and holds. So far, the selling is lighter than the October 8 flush. But if $80.3K breaks, the spring was a fake and the distribution label wins.
The lines that matter now. 🎯
Hold $80.3K, and a bounce back to $82.3K to $82.5K, old support now acting as resistance, comes first.
Reclaim that, and the $83.4K to $84.3K supply is the next wall.
Lose $80.3K, and the $75K to $78K demand zone comes into play.
Bank earnings start today and CPI lands tomorrow, so this test comes with macro pressure on top. Levels like this produce violent wicks in both directions, so leverage is the real enemy here.
Spring confirmed at $80.3K, or the floor finally gives way? 🔥
Not financial advice.
$BTC
$ETH
$SOL