$BTC Right Now: $86,293 (+3.73%) 7d33
So what happened? We bounced hard from the $83,186 low and buyers just took over. We hit a top around $86,912 and got a little rejection there - pretty normal after a pump like this 7d33
The good stuff:
Price is sitting nicely above all the short-term MAs - MA7 ($86,008), MA25 ($85,848), MA99 ($84,681). That's bullish structure, no doubt. And that volume spike on the bounce? That's real buying, not fake pump. 7d33
Levels I'm watching:
Support:$85,459 first, then $84,639 if we slip
Resistance: $86,912 is the gate. If we close above that with volume, $87,099 and $87.5K is next. If not, we probably retest support. 7d33
My take? Don't FOMO long at resistance. Wait for either a clean breakout above $86,912 with volume, or a healthy pullback to $85,459 for a safer entry. Short-term momentum is bullish, but that top wick says sellers are still there.
#SECProposesCryptoCustodyRules #ICBASuesOCCOverCryptoBankCharters #NFPWatch #SECApproves3xLongCryptoCommodityETPs
So what happened? We bounced hard from the $83,186 low and buyers just took over. We hit a top around $86,912 and got a little rejection there - pretty normal after a pump like this 7d33
The good stuff:
Price is sitting nicely above all the short-term MAs - MA7 ($86,008), MA25 ($85,848), MA99 ($84,681). That's bullish structure, no doubt. And that volume spike on the bounce? That's real buying, not fake pump. 7d33
Levels I'm watching:
Support:$85,459 first, then $84,639 if we slip
Resistance: $86,912 is the gate. If we close above that with volume, $87,099 and $87.5K is next. If not, we probably retest support. 7d33
My take? Don't FOMO long at resistance. Wait for either a clean breakout above $86,912 with volume, or a healthy pullback to $85,459 for a safer entry. Short-term momentum is bullish, but that top wick says sellers are still there.
#SECProposesCryptoCustodyRules #ICBASuesOCCOverCryptoBankCharters #NFPWatch #SECApproves3xLongCryptoCommodityETPs
