Bitcoin is facing another potential rejection around $83,734.9, but will sellers turn this hesitation into a deeper pullback?
🔴BTC/USDT — 1H Market Watch
Reference Price: $83,734.9
Potential SHORT Entry: $83,700–$84,000
TP1: $83,100
TP2: $82,400
TP3: $81,500
SL: $84,550
My Take: Repeated rejection can signal that buyers are struggling to push price higher, but it does not confirm a reversal by itself. The bearish scenario would gain credibility if BTC continues to fail near the suspected rejection area and 1H candles show sustained selling pressure. If buyers reclaim that area and maintain upward momentum, the short idea becomes weaker. The live chart has not been verified, so these are provisional levels rather than confirmed resistance or support. Wait for price-action confirmation instead of assuming another rejection guarantees a drop.
This is a potential SHORT scenario, not a claim of an executed trade. Manage risk carefully and protect your capital.
Do you think BTC will reject again or finally break higher? Follow me for more original crypto analysis.
$BTC
🔴BTC/USDT — 1H Market Watch
Reference Price: $83,734.9
Potential SHORT Entry: $83,700–$84,000
TP1: $83,100
TP2: $82,400
TP3: $81,500
SL: $84,550
My Take: Repeated rejection can signal that buyers are struggling to push price higher, but it does not confirm a reversal by itself. The bearish scenario would gain credibility if BTC continues to fail near the suspected rejection area and 1H candles show sustained selling pressure. If buyers reclaim that area and maintain upward momentum, the short idea becomes weaker. The live chart has not been verified, so these are provisional levels rather than confirmed resistance or support. Wait for price-action confirmation instead of assuming another rejection guarantees a drop.
This is a potential SHORT scenario, not a claim of an executed trade. Manage risk carefully and protect your capital.
Do you think BTC will reject again or finally break higher? Follow me for more original crypto analysis.
$BTC