Bitcoin Price Update 4 Hour.
1. BTC failed to reclaim the $83–83.5k supply zone. It put in a lower high around $84k and rolled over, so the bias stays bearish while price is below that zone.
2. On the PPI print, BTC swept the previous week’s low (~$80.4k) and wicked to ~$79.8k. It then reclaimed straight back above the range low and the 0.5 (~$81.2k). That’s a deviation and reclaim: the move took out the longs’ stops and the late shorts got trapped.
3. Price is now rejecting at the local high (~$82.6k), just under $83k. A 4H close above $83k opens up the nPOC at ~$85.6k. Losing $81.2k puts the previous week’s low back in play.
$SOL $ETH
$BTC
1. BTC failed to reclaim the $83–83.5k supply zone. It put in a lower high around $84k and rolled over, so the bias stays bearish while price is below that zone.
2. On the PPI print, BTC swept the previous week’s low (~$80.4k) and wicked to ~$79.8k. It then reclaimed straight back above the range low and the 0.5 (~$81.2k). That’s a deviation and reclaim: the move took out the longs’ stops and the late shorts got trapped.
3. Price is now rejecting at the local high (~$82.6k), just under $83k. A 4H close above $83k opens up the nPOC at ~$85.6k. Losing $81.2k puts the previous week’s low back in play.
$SOL $ETH
$BTC