**Bitcoin swept the PDL at 81.7K early this morning and recovered +3% within hours, setting up an intraday Wyckoff spring.** A spring is a sweep of a key low followed by an immediate recovery: a sign that the liquidity stacked below was consumed and the short side squeezed.
The 1H bias turned bullish; the 4H remains bearish. This divergence is typical of bounces within larger trends: the short term reacts first, while the medium term takes longer to confirm. Price closed at 83.5K, with traditional resistance at 85.1K and the structural PWH at 86.9K acting as an unswept liquidity magnet.
For this to turn into a larger reversal, we need 85.1K to be broken with volume and held as support, the 4H bias to turn bullish, and the PWH at 86.9K to be swept and reclaimed. Until then, this is a bounce within a range.
The Fear & Greed Index fell from 69 to 57 in one day (-12 points), cooling momentum but remaining in greed territory. While BTC consolidates, altcoins are rotating: BAT +22.4%, Sonic +21.5%, ZKsync +10.4%.
**Do you think Bitcoin will hold 83K and test 85.1K, or will we go back to seek liquidity lower down at 80.3K?** Share your take in the comments.
#BTC
The 1H bias turned bullish; the 4H remains bearish. This divergence is typical of bounces within larger trends: the short term reacts first, while the medium term takes longer to confirm. Price closed at 83.5K, with traditional resistance at 85.1K and the structural PWH at 86.9K acting as an unswept liquidity magnet.
For this to turn into a larger reversal, we need 85.1K to be broken with volume and held as support, the 4H bias to turn bullish, and the PWH at 86.9K to be swept and reclaimed. Until then, this is a bounce within a range.
The Fear & Greed Index fell from 69 to 57 in one day (-12 points), cooling momentum but remaining in greed territory. While BTC consolidates, altcoins are rotating: BAT +22.4%, Sonic +21.5%, ZKsync +10.4%.
**Do you think Bitcoin will hold 83K and test 85.1K, or will we go back to seek liquidity lower down at 80.3K?** Share your take in the comments.
#BTC