$BTC retesting support turned resistance on the 4H. Drop or reclaim? đ
We just broke down from the $82.6kâ$83.2k range that held price for weeks. Now weâre getting the classic pullback right back into that broken structure.
Hereâs how Iâm viewing this setup:
As long as $83,200 caps the upside on the 4H, this looks like a textbook breakdown-and-retest. The lower structural target sits right around the $80,600â$81,000 demand zone.
A clean rejection here opens up the path for that next leg down.
Invalidation: If bulls pull off a full recovery and push 4H candle body closes back above $83,400, this breakdown gets invalidated and becomes a fakeout sweep.
Iâm not chasing shorts at the bottom of a red candle, but watching how price reacts to this $83k zone right now.
Are you shorting this retest or expecting a reclaim back into the range? Let me know below đ
#BTC #bitcoin #cryptotrading #BinanceSquare #TechnicalAnalysis
We just broke down from the $82.6kâ$83.2k range that held price for weeks. Now weâre getting the classic pullback right back into that broken structure.
Hereâs how Iâm viewing this setup:
As long as $83,200 caps the upside on the 4H, this looks like a textbook breakdown-and-retest. The lower structural target sits right around the $80,600â$81,000 demand zone.
A clean rejection here opens up the path for that next leg down.
Invalidation: If bulls pull off a full recovery and push 4H candle body closes back above $83,400, this breakdown gets invalidated and becomes a fakeout sweep.
Iâm not chasing shorts at the bottom of a red candle, but watching how price reacts to this $83k zone right now.
Are you shorting this retest or expecting a reclaim back into the range? Let me know below đ
#BTC #bitcoin #cryptotrading #BinanceSquare #TechnicalAnalysis