$BTC bounced from $80.3K, but is this a real recovery or just relief after the sell-off ⁉️
Looking at the 4H chart, I’m still cautious about calling a bottom. #BTC formed lower highs before breaking through $85K, $84K and $83K, with sellers eventually pushing price close to $80.3K. The long lower wick shows buyers reacted strongly, but one bounce isn't enough to confirm a trend reversal.
I'm watching $83K–$83.3K first. If BTC retests that zone and gets rejected, $82.2K and $81.3K become the next downside levels to watch. A stronger reclaim above $83.8K–$84.2K would challenge this bearish view.
Entry zone $83,000–$83,300
Stop / invalidation $83,800
TP1 $82,200
TP2 $81,300
TP3 $80,500
I’d rather wait for confirmation than chase either direction. What matters next is how BTC reacts at resistance.
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Looking at the 4H chart, I’m still cautious about calling a bottom. #BTC formed lower highs before breaking through $85K, $84K and $83K, with sellers eventually pushing price close to $80.3K. The long lower wick shows buyers reacted strongly, but one bounce isn't enough to confirm a trend reversal.
I'm watching $83K–$83.3K first. If BTC retests that zone and gets rejected, $82.2K and $81.3K become the next downside levels to watch. A stronger reclaim above $83.8K–$84.2K would challenge this bearish view.
Entry zone $83,000–$83,300
Stop / invalidation $83,800
TP1 $82,200
TP2 $81,300
TP3 $80,500
I’d rather wait for confirmation than chase either direction. What matters next is how BTC reacts at resistance.
Follow me for more #trading analysis and risk-defined setups.
Trade here 👇