Here’s my take on where things are headed.
$BTC is now at 83,379 (24h -0.39%), with a 24h range of 81,034–84,352.
I’m still leaning bearish. To the upside, 84,000 is the nearest resistance (0.7% above the current price). If it can’t hold above that level, it’s a spot to short the rebound; if it does, then I’d look toward the 85,000 area.
For support below, the first level to watch is 81,034 (the 24h low). If price breaks below it decisively and fails to recover, I’d look to the next level around 80,034.
Market breadth: 4/30 up (13.3%).
Fear & Greed Index: 57 (Greed).
$BTC funding rate: +0.0038%; bears are in control.
In short: bearish. The trend is one thing, the levels are another—unless the rebound breaks through key resistance, the bears are still setting the pace.
This is a medium- to long-term view. Short-term volatility is inevitable, so don’t let a day or two of price swings make you abandon it.
At the same levels, what would you choose?
#Binance #BTC #MarketAnalysis
$BTC is now at 83,379 (24h -0.39%), with a 24h range of 81,034–84,352.
I’m still leaning bearish. To the upside, 84,000 is the nearest resistance (0.7% above the current price). If it can’t hold above that level, it’s a spot to short the rebound; if it does, then I’d look toward the 85,000 area.
For support below, the first level to watch is 81,034 (the 24h low). If price breaks below it decisively and fails to recover, I’d look to the next level around 80,034.
Market breadth: 4/30 up (13.3%).
Fear & Greed Index: 57 (Greed).
$BTC funding rate: +0.0038%; bears are in control.
In short: bearish. The trend is one thing, the levels are another—unless the rebound breaks through key resistance, the bears are still setting the pace.
This is a medium- to long-term view. Short-term volatility is inevitable, so don’t let a day or two of price swings make you abandon it.
At the same levels, what would you choose?
#Binance #BTC #MarketAnalysis