🩸 $BTC Market Update
Bitcoin is still trading within a rising wedge on the daily timeframe, and the $79,500 support level is crucial for the next move.
Resistance zones to watch:
🔴 $83,500–$83,800
🔴 $85,500–$85,777
🔴 $87,000–$88,000
If BTC breaks below $79,500 with a confirmed candle close, bearish pressure could increase, opening the way toward $76,000, $74,000, and potentially $72,000.
On the upside, a confirmed close above $88,000 followed by a successful retest would invalidate the rising wedge pattern.
Keep these levels on your chart and manage risk properly.
Bitcoin is still trading within a rising wedge on the daily timeframe, and the $79,500 support level is crucial for the next move.
Resistance zones to watch:
🔴 $83,500–$83,800
🔴 $85,500–$85,777
🔴 $87,000–$88,000
If BTC breaks below $79,500 with a confirmed candle close, bearish pressure could increase, opening the way toward $76,000, $74,000, and potentially $72,000.
On the upside, a confirmed close above $88,000 followed by a successful retest would invalidate the rising wedge pattern.
Keep these levels on your chart and manage risk properly.