investing-coinz

BTC ANALYSIS – October 21, 2026
• On the Daily (D1) timeframe:
After the previous Bearish Pin Bar, BTC printed a bullish candle, showing that buying pressure is attempting to push the price higher. However, price is still facing resistance at the EMA20 D1, while a strong resistance zone around 84K sits just above. This indicates that the current recovery is not yet convincing enough to confirm a return to an uptrend.
I still lean toward the scenario that BTC will continue to face selling pressure as it approaches the 83K–84K zone. Notably, if price breaks above 84K but fails to hold and quickly reverses, this could be a fakeout (false breakout) before BTC resumes its decline toward lower support levels.
• On the H4 timeframe:
BTC is forming a Rising Wedge pattern, which has a bearish reversal bias. However, looking at the overall structure, price is still mainly oscillating within the 80K–84K range. Currently, BTC is recovering toward the upper boundary of the pattern while approaching the strong resistance zone at 84K, where selling pressure has appeared multiple times before.
→ In summary: I still prioritize the scenario that BTC will be sold off again at the strong resistance zone around 84K and continue lower toward the support areas below. Be patient and wait for confirmation of selling pressure at resistance to find a suitable short entry. Do not FOMO while price is recovering and no confirmation signal has appeared yet. #BTC