🚨 BTC: RELIEF BOUNCE OR THE START OF A RECOVERY?
Bitcoin is hovering near $80,225 after dropping from the $84,875 high toward the $79,179 low.
📊 What the 4H chart shows:
🟢 Support zone: $79,200–$79,500
🎯 First resistance: $81,400
🔥 Next resistance: $82,650
BTC is attempting to stabilize after a clear downtrend. For a stronger LONG case, I want to see buyers reclaim $81,400 and hold above it.
⚠️ If support around $79,200 fails, another leg down remains possible.
My approach: Watch the confirmation, not just the bounce. No need to chase the first green candle.
👀 Are you bullish on $BTC here, or waiting for a deeper dip?
#Bitcoin #BTC #cryptotrading #MarketAnalysis
Bitcoin is hovering near $80,225 after dropping from the $84,875 high toward the $79,179 low.
📊 What the 4H chart shows:
🟢 Support zone: $79,200–$79,500
🎯 First resistance: $81,400
🔥 Next resistance: $82,650
BTC is attempting to stabilize after a clear downtrend. For a stronger LONG case, I want to see buyers reclaim $81,400 and hold above it.
⚠️ If support around $79,200 fails, another leg down remains possible.
My approach: Watch the confirmation, not just the bounce. No need to chase the first green candle.
👀 Are you bullish on $BTC here, or waiting for a deeper dip?
#Bitcoin #BTC #cryptotrading #MarketAnalysis
