$BTC H4: Buying pressure is present, but the bullish momentum has not yet been regained.
→ Bitcoin is reacting at the 80.1–81k support zone after several sell-offs.
→ However, looking upward, the price structure still exhibits a series of lower highs.
→ Recent rebounds have failed to break above the 83.5k–84k zone. → Meanwhile, the price continues to consolidate around 82k.
I do not yet view pullbacks at this support level as reversal signals. While buying interest is emerging, the selling side has not yet seen its controlling structure broken.
For me, what warrants close monitoring right now is not how many points BTC can reclaim, but whether it can break the series of lower highs.
Do you think the 80.1–81k support zone will continue to hold and allow the price to bounce higher?
→ Bitcoin is reacting at the 80.1–81k support zone after several sell-offs.
→ However, looking upward, the price structure still exhibits a series of lower highs.
→ Recent rebounds have failed to break above the 83.5k–84k zone. → Meanwhile, the price continues to consolidate around 82k.
I do not yet view pullbacks at this support level as reversal signals. While buying interest is emerging, the selling side has not yet seen its controlling structure broken.
For me, what warrants close monitoring right now is not how many points BTC can reclaim, but whether it can break the series of lower highs.
Do you think the 80.1–81k support zone will continue to hold and allow the price to bounce higher?