📊 BTC UPDATE 09/10 - BTC BOUNCES, SHORTS REMAIN THE PRIORITY
After the sharp selloff to $80.3K, BTC has recovered to $82K, showing a solid buying reaction at the order block. However, we still need to watch closely as news continues to influence price action. The $80.5K area remains a key support level.
On the lower timeframes, BTC is undergoing a sharp correction. RSI is oversold, and price remains below the EMA cluster, which is crossing bearish. A modest recovery could be a technical bounce, potentially driven by Shorts taking profits, rather than a confirmed trend reversal.
BTC is still trading around the EMA200 on H4. In my view, a daily close above $84.2K is needed to preserve the bullish outlook. The market remains sensitive, with potential liquidity sweeps on both sides, so every setup needs SL and proper risk management.
Shorts remain the priority on a recovery toward the H1 FVG around $82.6K. The first area to watch is support at $80.5K, where we will assess the reaction before updating the plan.
🎯 Trading plan: Watch for a confirmed Short around $82.6K, targeting $80.3K, while monitoring the reaction at $80.5K along the way.$BTC $ETH #ReusedBitcoinAddressesHold4.33MBTC #FedMinutesFocusOnOctoberPause
After the sharp selloff to $80.3K, BTC has recovered to $82K, showing a solid buying reaction at the order block. However, we still need to watch closely as news continues to influence price action. The $80.5K area remains a key support level.
On the lower timeframes, BTC is undergoing a sharp correction. RSI is oversold, and price remains below the EMA cluster, which is crossing bearish. A modest recovery could be a technical bounce, potentially driven by Shorts taking profits, rather than a confirmed trend reversal.
BTC is still trading around the EMA200 on H4. In my view, a daily close above $84.2K is needed to preserve the bullish outlook. The market remains sensitive, with potential liquidity sweeps on both sides, so every setup needs SL and proper risk management.
Shorts remain the priority on a recovery toward the H1 FVG around $82.6K. The first area to watch is support at $80.5K, where we will assess the reaction before updating the plan.
🎯 Trading plan: Watch for a confirmed Short around $82.6K, targeting $80.3K, while monitoring the reaction at $80.5K along the way.$BTC $ETH #ReusedBitcoinAddressesHold4.33MBTC #FedMinutesFocusOnOctoberPause