I previously mentioned the possibility of a drop toward the 76K area, an important support zone where $BTC support was found, followed by a rebound toward 80K.
Now we’re facing a real test.
The 80K area could become a new rejection point, especially since Bitcoin is still trading below the 300 MA, meaning overall momentum remains bearish.
More importantly, the 1200 MA coincides with a significant price gap, a key support zone worth watching.
For me, the buy scenario will only be confirmed by a 4H candle close above the 82K area.
Until then, every rebound remains merely a corrective move within the downtrend and may reinforce its continuation.
Now we’re facing a real test.
The 80K area could become a new rejection point, especially since Bitcoin is still trading below the 300 MA, meaning overall momentum remains bearish.
More importantly, the 1200 MA coincides with a significant price gap, a key support zone worth watching.
For me, the buy scenario will only be confirmed by a 4H candle close above the 82K area.
Until then, every rebound remains merely a corrective move within the downtrend and may reinforce its continuation.
