$BTC – Sharp Breakdown, Sellers Taking Control
$BTC is trading around $83,024, down -1.79% in 24H. The 1H chart shows a clear rejection from the $84,700–$85,000 area, followed by strong selling pressure through $84,200 and $83,650.
Price is now near $83,000, with the $82,700–$82,600 zone acting as immediate support. A weak recovery into $83,600–$84,000 could face renewed selling.
Trade Setup
Entry: $83,000 – $83,400
Target 1: $82,700
Target 2: $82,200
Target 3: $81,600
Lose: $84,050
Current Price: $83,024.13
24H High: $85,159.03
24H Low: $82,705.02
24H Change: -1.79%
24H Volume: $1.12B USDT
Structure: Bearish, with lower highs and strong downside candles after the rejection.
Confirmation: A clean 1H close below $82,700 with strong selling volume could extend the downside move. Reclaiming $84,050 would weaken the short setup.
$BTC
#TrumpRejectsIranHormuzReopening #StrategyStriveAdd2305BitcoinThisWeek #DogecoinETFsPostBiggestWeekSinceLaunch #BitwiseFilesFinalNEARSpotETFProspectus #ChinaIndustrialProfitGrowthSlowsFourthMonth
$BTC is trading around $83,024, down -1.79% in 24H. The 1H chart shows a clear rejection from the $84,700–$85,000 area, followed by strong selling pressure through $84,200 and $83,650.
Price is now near $83,000, with the $82,700–$82,600 zone acting as immediate support. A weak recovery into $83,600–$84,000 could face renewed selling.
Trade Setup
Entry: $83,000 – $83,400
Target 1: $82,700
Target 2: $82,200
Target 3: $81,600
Lose: $84,050
Current Price: $83,024.13
24H High: $85,159.03
24H Low: $82,705.02
24H Change: -1.79%
24H Volume: $1.12B USDT
Structure: Bearish, with lower highs and strong downside candles after the rejection.
Confirmation: A clean 1H close below $82,700 with strong selling volume could extend the downside move. Reclaiming $84,050 would weaken the short setup.
$BTC
#TrumpRejectsIranHormuzReopening #StrategyStriveAdd2305BitcoinThisWeek #DogecoinETFsPostBiggestWeekSinceLaunch #BitwiseFilesFinalNEARSpotETFProspectus #ChinaIndustrialProfitGrowthSlowsFourthMonth
