$BTC â Is the $87K Rejection Changing the Structure? đ
Bitcoin recently rejected the $87K area, and the market is now back around the low-$80Ks.
That makes the current structure interesting â but I wouldnât assume that the rejection automatically means a move to $53K.
Hereâs what Iâm watching:
$87K â major resistance to reclaim $83Kâ$84K â important short-term area $79Kâ$80K â deeper support zone Below that, the market structure would need to be reassessed rather than assuming a specific target.
The bearish scenario becomes more interesting if BTC keeps making lower highs and starts losing major support with confirmation.
On the other hand, reclaiming the $87K area would weaken the bearish thesis.
For me, confirmation matters more than prediction.
Do you think this is the beginning of a deeper correction, or just another pullback before BTC attempts the highs again?
#Bitcoin #BTC #crypto #MarketStructure #trading
Bitcoin recently rejected the $87K area, and the market is now back around the low-$80Ks.
That makes the current structure interesting â but I wouldnât assume that the rejection automatically means a move to $53K.
Hereâs what Iâm watching:
$87K â major resistance to reclaim $83Kâ$84K â important short-term area $79Kâ$80K â deeper support zone Below that, the market structure would need to be reassessed rather than assuming a specific target.
The bearish scenario becomes more interesting if BTC keeps making lower highs and starts losing major support with confirmation.
On the other hand, reclaiming the $87K area would weaken the bearish thesis.
For me, confirmation matters more than prediction.
Do you think this is the beginning of a deeper correction, or just another pullback before BTC attempts the highs again?
#Bitcoin #BTC #crypto #MarketStructure #trading
