$BTC is currently at the range low and at the 4H 200MA/EMA.
This remains a strong support zone until $82K gives way.
Once $84K breaks, bears will regain control, as price will return to the middle/top of the range.
There’s no harm in waiting for either $82K or $84K to break, then reassessing.
Bears have been very weak, and many altcoins have also been looking heavy. On the other hand, this support level has held so far, even as the stock market sells off.
So there are arguments for both scenarios here. The simplest approach is to react when there’s a clear breakout.
This remains a strong support zone until $82K gives way.
Once $84K breaks, bears will regain control, as price will return to the middle/top of the range.
There’s no harm in waiting for either $82K or $84K to break, then reassessing.
Bears have been very weak, and many altcoins have also been looking heavy. On the other hand, this support level has held so far, even as the stock market sells off.
So there are arguments for both scenarios here. The simplest approach is to react when there’s a clear breakout.