$BTC | 4H Chart Analysis
BTC is bouncing back above the $80K support zone, with a potential fake breakdown in play. ๐
RSI is showing signs of a possible bullish divergence, which could support a recovery and another attempt to break out of the falling wedge. ๐
๐ฏ Bullish scenario: If BTC holds above $80K and gains momentum, we could see a move toward the upper trendline, with the $86Kโ$87K resistance zone as a potential target.
Key level to watch: A decisive breakdown below support could invalidate this bullish setup.
For now, let's wait for confirmation before making any moves.
BTC is bouncing back above the $80K support zone, with a potential fake breakdown in play. ๐
RSI is showing signs of a possible bullish divergence, which could support a recovery and another attempt to break out of the falling wedge. ๐
๐ฏ Bullish scenario: If BTC holds above $80K and gains momentum, we could see a move toward the upper trendline, with the $86Kโ$87K resistance zone as a potential target.
Key level to watch: A decisive breakdown below support could invalidate this bullish setup.
For now, let's wait for confirmation before making any moves.