Bitcoin touched $85K and got pushed back but the 4H chart still looks better than it did a few sessions ago.
The part I like is the sequence of reactions after the $82.7K low. Buyers have been stepping in a little earlier each time.
For $BTC , $84K-$84.2K is the first area I want to see hold. Stay above it and another $85K test makes sense. A clean break would bring $86K-$86.5K back into view.
Below $83.5K, I’d be much less comfortable with this setup.
The part I like is the sequence of reactions after the $82.7K low. Buyers have been stepping in a little earlier each time.
For $BTC , $84K-$84.2K is the first area I want to see hold. Stay above it and another $85K test makes sense. A clean break would bring $86K-$86.5K back into view.
Below $83.5K, I’d be much less comfortable with this setup.