🚨 𝗦𝗧𝗢𝗣 𝗦𝗖𝗥𝗢𝗟𝗟𝗜𝗡𝗚 — 𝗕𝗧𝗖 𝗠𝗔𝗝𝗢𝗥 𝗨𝗣𝗗𝗔𝗧𝗘 📈🔥
Bitcoin spiked above the major resistance after the weak US jobs report, reaching around $87.2K, but the 4H chart shows that sellers stepped in quickly.
$87K is clearly still the level Bitcoin needs to break.
The good thing is that BTC is still holding well above the $79.5K support that marked the start of this move higher.
I’m still bullish on the bigger structure here, but I don’t want to chase a breakout that hasn’t actually happened yet.
If Bitcoin can reclaim $87K and turn it into support, I think the chart starts looking very interesting.
For now, I’m more focused on whether this pullback can hold above $85K.
$BTC #btc #bitcoin
Bitcoin spiked above the major resistance after the weak US jobs report, reaching around $87.2K, but the 4H chart shows that sellers stepped in quickly.
$87K is clearly still the level Bitcoin needs to break.
The good thing is that BTC is still holding well above the $79.5K support that marked the start of this move higher.
I’m still bullish on the bigger structure here, but I don’t want to chase a breakout that hasn’t actually happened yet.
If Bitcoin can reclaim $87K and turn it into support, I think the chart starts looking very interesting.
For now, I’m more focused on whether this pullback can hold above $85K.
$BTC #btc #bitcoin
