đš BTC MARKET UPDATE â $77K ZONE IS CRITICAL đ
$BTC is currently trading around the $77K area after losing momentum above the $80K zone.
This is NOT the time for blind longs or panic shorts.
đ KEY LEVELS:
đą Support: $75.5Kâ$76K
đŽ Resistance: $79.5Kâ$80K
đš Major Resistance: $81Kâ$82K
If BTC holds $75.5Kâ$76K, we could see another bounce toward $80K+.
But if $75.5K breaks with strong volume, the next downside area could be around $72K.
On the bullish side, a clean reclaim of $81K with volume could open the door toward $84Kâ$86K.
â ïž Macro risk is still high. August CPI came in at +0.4% MoM, while markets are pricing roughly an 85% chance of a Fed rate hike at the September 15â16 meeting. îš1îš
My bias right now: CAUTIOUS until BTC reclaims $80Kâ$81K.
No FOMO. No blind shorts. Wait for confirmation. đ
$BTC
#Bitcoin #BTC #Crypto #BinanceSquare #BTCUSDT #TechnicalAnalysis #cpi #Fed
$BTC is currently trading around the $77K area after losing momentum above the $80K zone.
This is NOT the time for blind longs or panic shorts.
đ KEY LEVELS:
đą Support: $75.5Kâ$76K
đŽ Resistance: $79.5Kâ$80K
đš Major Resistance: $81Kâ$82K
If BTC holds $75.5Kâ$76K, we could see another bounce toward $80K+.
But if $75.5K breaks with strong volume, the next downside area could be around $72K.
On the bullish side, a clean reclaim of $81K with volume could open the door toward $84Kâ$86K.
â ïž Macro risk is still high. August CPI came in at +0.4% MoM, while markets are pricing roughly an 85% chance of a Fed rate hike at the September 15â16 meeting. îš1îš
My bias right now: CAUTIOUS until BTC reclaims $80Kâ$81K.
No FOMO. No blind shorts. Wait for confirmation. đ
$BTC
#Bitcoin #BTC #Crypto #BinanceSquare #BTCUSDT #TechnicalAnalysis #cpi #Fed