- Update $BTC on 15/10:
BTC is currently trading around $80,900, remaining under corrective pressure after being rejected at the $87,200 resistance zone. On the daily chart, the price has fallen below the MA50, indicating that short-term bullish momentum is weakening and sellers remain in control.
From a technical structure perspective, BTC is moving within a Descending Broadening Wedge pattern. The $80,000–$80,400 area is currently an important support zone to watch. If this area holds, BTC could rebound and retest the $82,500–$83,700 zone.
=> Personal view:
BTC is approaching a key decision zone. The $80,000 level needs to hold to preserve the possibility of a recovery, while reclaiming $83,700 would help reinforce the bullish outlook. It is preferable to wait for confirmation rather than trade based on emotions.
$BTC
BTC is currently trading around $80,900, remaining under corrective pressure after being rejected at the $87,200 resistance zone. On the daily chart, the price has fallen below the MA50, indicating that short-term bullish momentum is weakening and sellers remain in control.
From a technical structure perspective, BTC is moving within a Descending Broadening Wedge pattern. The $80,000–$80,400 area is currently an important support zone to watch. If this area holds, BTC could rebound and retest the $82,500–$83,700 zone.
=> Personal view:
BTC is approaching a key decision zone. The $80,000 level needs to hold to preserve the possibility of a recovery, while reclaiming $83,700 would help reinforce the bullish outlook. It is preferable to wait for confirmation rather than trade based on emotions.
$BTC