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Market Update Bitcoin dipped below $82.4K (Monday’s low) but reclaimed the level during the Asia session. Now, all eyes are on the FOMC later today. While a rate freeze is expected, the real volatility will come from the dot plot and Jerome Powell’s speech. Right now, BTC is trading in the middle of Monday’s range—prime territory for fake-outs. The best long entry was the retest of $82.4K after the reclaim. Going forward, I’ll be watching for another sweep of $82.4K or a reaction at $84.2K-$84.7K. Patience is key—big opportunities are ahead!
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Market Update After yesterday’s sell-off, Bitcoin is holding $82.3K as key 4-hour support, while $84K—near the Monthly Open—acts as clear resistance. Break below $82.3K? Likely revisit $78K-$80K Reclaim $84K? Potential push to $86K-$88K With the Monday range still forming, the stock market open will be crucial. Expect volatility throughout the week with major economic events ahead.
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Market Update The crypto market remains sensitive to U.S. tariff headlines, impacting Bitcoin's price action despite a favorable U.S. CPI report. The ongoing U.S.-Canada trade tensions have added to market uncertainty, leading to choppy movement. Currently, BTC is consolidating below key resistance at $84.3K (Monthly Open) and the orange trendline. A confirmed breakout above this level could trigger a move toward $86K (CME Gap). However, failure to break out may result in a pullback to the lower channel around $78K – $79K. Monitoring price action closely for confirmation of the next trend. Stay cautious.
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#Market_Update The market remains in a downtrend, with Bitcoin testing the $80K level again this morning. This is a key psychological zone, reinforced by demand from late February’s move. Broader market conditions will be crucial this week, as the S&P 500 sits on a major support level. A breakdown here could trigger a larger sell-off across risk assets. On the upside, there’s a CME gap at $86K—watch for a reaction if Bitcoin retests that area. For now, $84.2K (Monthly Open) has established itself as 4-hour resistance.
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#Market_Update Bitcoin saw a low-volume weekend, holding $86K as 4-hour support. However, this level now appears at risk of turning into resistance on the next close. Price has moved toward testing the key $84.2K Monthly Open, with potential downside to $83K-$82.9K in the short term. Any significant move is likely to come with the US futures open or the Asia session tonight. Stay alert for volatility.
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