$BTC Weekly: Rejected Near 87.5K
Bitcoin is trading around 84.6K after pushing into the 87.5K area and getting turned away. Price is still holding above the 50 EMA (81.3K) and the 50 SMA (77.7K) on the weekly chart.
đ Scenario 1: A weekly close above 87.5K would confirm strength and shift the focus to continuation.
đ Scenario 2: A failure to close above it keeps the range intact, with a pullback into the 78K to 81K zone on the table.
A move into resistance is not a breakout until the weekly candle closes above it. Mark the levels, wait for the close, and size positions for both outcomes.
verify first. risk later. scale slowly...
#BTC #BTCUSDT #CryptoAnalysis
Bitcoin is trading around 84.6K after pushing into the 87.5K area and getting turned away. Price is still holding above the 50 EMA (81.3K) and the 50 SMA (77.7K) on the weekly chart.
đ Scenario 1: A weekly close above 87.5K would confirm strength and shift the focus to continuation.
đ Scenario 2: A failure to close above it keeps the range intact, with a pullback into the 78K to 81K zone on the table.
A move into resistance is not a breakout until the weekly candle closes above it. Mark the levels, wait for the close, and size positions for both outcomes.
verify first. risk later. scale slowly...
#BTC #BTCUSDT #CryptoAnalysis
