This is a pretty important level. What do you think?
$BTC is now at 83,716 (24h -0.07%), with a 24h range of 81,034–84,352.
I’m still leaning bearish. To the upside, 84,000 is the nearest resistance (0.3% above the current price). If it can’t hold above that level, it’s a place to short the rebound; if it does hold, then we can look toward the 85,000 area.
To the downside, the first support to watch is 81,034 (the 24h low). If that level is decisively broken and price can’t reclaim it, I’d look toward the next level around 80,034.
Market breadth: 3/29 advancing (10.3%).
Fear & Greed Index: 57 (Greed).
$BTC funding rate: +0.0079%; bears have the upper hand.
Summary: Bearish bias. Direction is one thing, price levels another. Unless the rebound breaks through key resistance, the market is still moving to the bears’ rhythm.
This is a medium- to long-term outlook. Short-term swings are inevitable, so don’t let one or two days of volatility change your mind.
Follow me for more trade reviews in the future.
#Binance #BTC #MarketAnalysis
$BTC is now at 83,716 (24h -0.07%), with a 24h range of 81,034–84,352.
I’m still leaning bearish. To the upside, 84,000 is the nearest resistance (0.3% above the current price). If it can’t hold above that level, it’s a place to short the rebound; if it does hold, then we can look toward the 85,000 area.
To the downside, the first support to watch is 81,034 (the 24h low). If that level is decisively broken and price can’t reclaim it, I’d look toward the next level around 80,034.
Market breadth: 3/29 advancing (10.3%).
Fear & Greed Index: 57 (Greed).
$BTC funding rate: +0.0079%; bears have the upper hand.
Summary: Bearish bias. Direction is one thing, price levels another. Unless the rebound breaks through key resistance, the market is still moving to the bears’ rhythm.
This is a medium- to long-term outlook. Short-term swings are inevitable, so don’t let one or two days of volatility change your mind.
Follow me for more trade reviews in the future.
#Binance #BTC #MarketAnalysis