$BTC is down 1.5% to $82,370, after trading as high as $84,230 earlier today.
Why the dip?
Oil is up 2.4% to $94, adding pressure on risk assets
Nasdaq is down 0.5%, and crypto is following
$ETH $2,510, $XRP $1.36 (-3.7%)
Key levels:
Support: $82,000, then $80,500
Resistance: $84,200, then $85,000
My take:
Dips like this shake out weak hands, but a breakdown below $82K could open $80.5K. BTC is still up about 6.6% over the past month, so this looks like a pullback, not a trend reversal, as long as $80.5K holds.
Plan:
Don't panic sell into support
Wait for a bounce to confirm before buying
Keep stops tight and size small
Are you buying this dip or waiting for $80K? 👇
$BTC #Bitcoin
Not financial advice.
Why the dip?
Oil is up 2.4% to $94, adding pressure on risk assets
Nasdaq is down 0.5%, and crypto is following
$ETH $2,510, $XRP $1.36 (-3.7%)
Key levels:
Support: $82,000, then $80,500
Resistance: $84,200, then $85,000
My take:
Dips like this shake out weak hands, but a breakdown below $82K could open $80.5K. BTC is still up about 6.6% over the past month, so this looks like a pullback, not a trend reversal, as long as $80.5K holds.
Plan:
Don't panic sell into support
Wait for a bounce to confirm before buying
Keep stops tight and size small
Are you buying this dip or waiting for $80K? 👇
$BTC #Bitcoin
Not financial advice.