🔥 BTC DROPS TO 80.4K – DISCOUNT HAS HELD PRICE, BUT IS THE DOWNTREND STILL NOT OVER?
Following the previous post, I noted that after BTC lost the EQ zone at 85.2–85.5K, corrective pressure could continue to expand, with the 83.2–83.6K area being a key zone to watch. In fact, BTC broke below this zone, dropped sharply to around 80.4K, and then rebounded toward the 82K area.
Currently, BTC is showing a bullish reaction from the Discount zone at 80.4–80.9K, but the H1 structure still leans bearish. For the recovery to extend further, price needs to reclaim the resistance zones above rather than simply bouncing after a sell-off.
🎯 Trading Plan
BUY: Wait for price to hold 80.4–80.9K and show bullish confirmation on lower timeframes. The first target is the 83.2–83.6K zone.
SELL: Prioritize observing price reactions at 83.2–83.9K. If price recovers but continues to face rejection and bearish signals emerge, BTC could return to retest the 80.4–80.9K low zone.
At the moment, BTC is recovering from the Discount zone, but there are not yet enough signals to confirm a reversal. If 80.4K breaks, selling pressure could intensify further. Conversely, reclaiming the resistance zones above will be an important signal to watch when assessing whether buyers can regain control.
⚠️ This content is for reference and sharing market views only, and does not constitute investment advice. Please manage your capital and risk appropriately.
#BTC☀
Following the previous post, I noted that after BTC lost the EQ zone at 85.2–85.5K, corrective pressure could continue to expand, with the 83.2–83.6K area being a key zone to watch. In fact, BTC broke below this zone, dropped sharply to around 80.4K, and then rebounded toward the 82K area.
Currently, BTC is showing a bullish reaction from the Discount zone at 80.4–80.9K, but the H1 structure still leans bearish. For the recovery to extend further, price needs to reclaim the resistance zones above rather than simply bouncing after a sell-off.
🎯 Trading Plan
BUY: Wait for price to hold 80.4–80.9K and show bullish confirmation on lower timeframes. The first target is the 83.2–83.6K zone.
SELL: Prioritize observing price reactions at 83.2–83.9K. If price recovers but continues to face rejection and bearish signals emerge, BTC could return to retest the 80.4–80.9K low zone.
At the moment, BTC is recovering from the Discount zone, but there are not yet enough signals to confirm a reversal. If 80.4K breaks, selling pressure could intensify further. Conversely, reclaiming the resistance zones above will be an important signal to watch when assessing whether buyers can regain control.
⚠️ This content is for reference and sharing market views only, and does not constitute investment advice. Please manage your capital and risk appropriately.
#BTC☀