$BTC RECOVERING FROM 79K ... BUT DANGER ISN'T OVER YET
Bitcoin bounced back from 79,178 and is now trading around 80,760.
Still facing strong resistance at 82,500.
As long as BTC stays below 82,500, I still see downside risk towards 79K and even 77K if support breaks.
A clean breakout above 82,500 could bring bulls back into the game.
Good recovery ... But not a confirmed reversal yet.
Trade carefully. Bears still have the upper hand.
Trade on $BTC
Bitcoin bounced back from 79,178 and is now trading around 80,760.
Still facing strong resistance at 82,500.
As long as BTC stays below 82,500, I still see downside risk towards 79K and even 77K if support breaks.
A clean breakout above 82,500 could bring bulls back into the game.
Good recovery ... But not a confirmed reversal yet.
Trade carefully. Bears still have the upper hand.
Trade on $BTC
