$BTC
— MARKET QUIET, BUT BEARS STILL IN CONTROL?
BTC is at $84,113 (-0.45%). It dropped from $87,395 to $83,183, now trying to find direction. MA7 is at $84,095, MA25 at $84,733, and MA99 at $80,237. Price is slightly above MA7 but below MA25. This means the market is still choppy, and bears haven't let go of control.
Key levels:
Resistance: $85,255 / $85,888 / $87,395
Support: $83,183 / $82,151 / $80,283
Plan:
SHORT: Enter $84,500 – $85,000 if price gets rejected. Stop-loss $85,600. Targets: $83,183, $82,151, $80,283.
LONG: Enter only if price breaks above $85,255 with volume. Targets: $86,000, $87,395, $89,000. Stop-loss $83,800.
Then vs Now: BTC rallied from $80,165 to $87,395, now pulled back to $84,113. Volatility has decreased. Volume is 15,099 BTC ($1.27B). Don't rush. Wait for confirmation.
— MARKET QUIET, BUT BEARS STILL IN CONTROL?
BTC is at $84,113 (-0.45%). It dropped from $87,395 to $83,183, now trying to find direction. MA7 is at $84,095, MA25 at $84,733, and MA99 at $80,237. Price is slightly above MA7 but below MA25. This means the market is still choppy, and bears haven't let go of control.
Key levels:
Resistance: $85,255 / $85,888 / $87,395
Support: $83,183 / $82,151 / $80,283
Plan:
SHORT: Enter $84,500 – $85,000 if price gets rejected. Stop-loss $85,600. Targets: $83,183, $82,151, $80,283.
LONG: Enter only if price breaks above $85,255 with volume. Targets: $86,000, $87,395, $89,000. Stop-loss $83,800.
Then vs Now: BTC rallied from $80,165 to $87,395, now pulled back to $84,113. Volatility has decreased. Volume is 15,099 BTC ($1.27B). Don't rush. Wait for confirmation.
