🚨 BITCOIN UPDATE: I'M STILL BEARISH! HERE'S WHY. ⚠️
BTC bounced from the $75,700 support zone and pushed back toward $81K. First, the market trapped longs, then it squeezed the shorts.
But I'm still not convinced this is a real bullish reversal.
Here's what I'm watching:
📉 BTC is still struggling around the $80K–$82K resistance zone.
📊 The recent bounce doesn't automatically change the bigger market structure.
🌍 Upcoming US economic data, including NFP, CPI, PPI and Retail Sales, could bring more volatility.
$BTC
🏦 Fed rate expectations, DXY, Treasury yields, Nasdaq performance and Bitcoin ETF flows also remain important.
⚠️ Geopolitical tensions involving Iran and Israel could add further uncertainty.
I previously highlighted the $75K–$76K support zone and mentioned that BTC could recover toward $80K–$82K. That bounce was part of the scenario I was already watching.
MY MAIN OUTLOOK:
I'm still bearish and watching for a possible breakdown below $74K.
Until BTC shows stronger confirmation of a trend reversal, I'm not rushing into a bullish position.
Remember, a short-term recovery doesn't always mean the bottom is in.
Trade carefully, manage your risk and don't chase every green candle.
What's your view? Are we heading toward $85K or will BTC drop below $74K first? 👇
#Bitcoin #BTC #CryptoMarket #Trading #BitcoinAnalysis
Not financial advice. Always do your own research.
BTC bounced from the $75,700 support zone and pushed back toward $81K. First, the market trapped longs, then it squeezed the shorts.
But I'm still not convinced this is a real bullish reversal.
Here's what I'm watching:
📉 BTC is still struggling around the $80K–$82K resistance zone.
📊 The recent bounce doesn't automatically change the bigger market structure.
🌍 Upcoming US economic data, including NFP, CPI, PPI and Retail Sales, could bring more volatility.
$BTC
🏦 Fed rate expectations, DXY, Treasury yields, Nasdaq performance and Bitcoin ETF flows also remain important.
⚠️ Geopolitical tensions involving Iran and Israel could add further uncertainty.
I previously highlighted the $75K–$76K support zone and mentioned that BTC could recover toward $80K–$82K. That bounce was part of the scenario I was already watching.
MY MAIN OUTLOOK:
I'm still bearish and watching for a possible breakdown below $74K.
Until BTC shows stronger confirmation of a trend reversal, I'm not rushing into a bullish position.
Remember, a short-term recovery doesn't always mean the bottom is in.
Trade carefully, manage your risk and don't chase every green candle.
What's your view? Are we heading toward $85K or will BTC drop below $74K first? 👇
#Bitcoin #BTC #CryptoMarket #Trading #BitcoinAnalysis
Not financial advice. Always do your own research.
