$BTC made a sharp move to the upside but failed to hold the gains near resistance, leading to a rejection. Price has now slipped below the key zone, and I’m watching the $80,500 area as a possible downside target.
This level could serve as a retest of the falling wedge structure, where we might see buyers step in and attempt a reversal. However, I’d like to see price action confirm that before expecting a bounce.
With the #fomc meeting coming up next week, volatility could also pick up. For now, I’m watching how #BTC reacts around $80,500 and whether buyers can regain control.
This level could serve as a retest of the falling wedge structure, where we might see buyers step in and attempt a reversal. However, I’d like to see price action confirm that before expecting a bounce.
With the #fomc meeting coming up next week, volatility could also pick up. For now, I’m watching how #BTC reacts around $80,500 and whether buyers can regain control.