$BTC is this bounce strong or not? 👀
Price is at 82,626, up 2.3% after that sharp drop from 86,664. We flushed all the way to 80,344 and have since recovered, but we're stalling right under 82,809. This area matters because it's the first real resistance after the sell-off.
Bullish scenario:
If buyers reclaim 82,800 and hold it, we could push toward 84,200. That would be the first sign of a real higher low forming.
Bearish scenario:
Downside prevails as long as 82,800 holds as resistance. If we reject here and lose 81,419, the 80,344 low comes back into play.
My read:
This bounce looks corrective so far. I need to see a clean reclaim of 82,800.
Price is at 82,626, up 2.3% after that sharp drop from 86,664. We flushed all the way to 80,344 and have since recovered, but we're stalling right under 82,809. This area matters because it's the first real resistance after the sell-off.
Bullish scenario:
If buyers reclaim 82,800 and hold it, we could push toward 84,200. That would be the first sign of a real higher low forming.
Bearish scenario:
Downside prevails as long as 82,800 holds as resistance. If we reject here and lose 81,419, the 80,344 low comes back into play.
My read:
This bounce looks corrective so far. I need to see a clean reclaim of 82,800.