$BTC HOLDING UPDATE | CORRECTION OR OPPORTUNITY?
Bitcoin is currently trading at $77,788 after rejecting from $82k+ zone. My holding is -3.73% down, Avg Cost $82,422.
*Chart Analysis:*
BTC is testing the lower trendline of the rising channel. Daily candle showing weak momentum but volume is decreasing, which indicates sellers are getting exhausted.
*Key Levels:*
Support 1: $77,000
Support 2: $74,500 (Major)
Resistance: $80,500 / $82,400
*Outlook:*
As long as BTC holds above $76,500, the structure is still bullish. A breakdown below $76.5k can push price to $74.5k, which will be a strong buying zone.
I am not panicking. Holding spot and waiting for reversal confirmation. No leverage in correction.
What is your plan? Buying or waiting?
#BTC
Bitcoin is currently trading at $77,788 after rejecting from $82k+ zone. My holding is -3.73% down, Avg Cost $82,422.
*Chart Analysis:*
BTC is testing the lower trendline of the rising channel. Daily candle showing weak momentum but volume is decreasing, which indicates sellers are getting exhausted.
*Key Levels:*
Support 1: $77,000
Support 2: $74,500 (Major)
Resistance: $80,500 / $82,400
*Outlook:*
As long as BTC holds above $76,500, the structure is still bullish. A breakdown below $76.5k can push price to $74.5k, which will be a strong buying zone.
I am not panicking. Holding spot and waiting for reversal confirmation. No leverage in correction.
What is your plan? Buying or waiting?
#BTC
