inchartswetrust

Hello, friends!☀️

Yesterday, we finally saw a move toward $82.5K, briefly breaking above the $81.2K midpoint of the trading range and reaching a local high of $81.7K 📈

This was the first sign that the patient is still alive, so to speak. After spending so much time around $80K without any meaningful bounce, the risk of a breakdown below $80K and an acceleration of the bearish scenario was increasing 🧨🪓

🐻🪓 Bearish scenario:
[i]«If #BTC breaks below $80K and establishes acceptance underneath, I would consider this a return to the $76K–$80K range, with the next potential downside target at $76K».[/i]

What’s happening on the chart right now?$#

The primary area of interest is $80K–$82.5K range, but I’m also paying close attention to the midpoint at $81.2K, where BTC reversed yesterday.

Additionally, two moving averages — the 4H EMA 100 and EMA 200 — are now converging around the midpoint, creating an additional layer of resistance on the way up 🪓🪓

One thing worth highlighting is that the current trading range is relatively narrow, meaning a breakout could trigger a sharp, impulsive move in either direction. Be very careful when opening new positions in this area.

With price now back near $80K, the overall picture remains tilted to the bearish side. I can only reiterate what I mentioned in my previous post:
[i]«The longer $BTC remains around $80K, the higher the probability of a breakdown below becomes.
Bitcoin needs to reclaim $82.5K decisively and move back above the midpoint of the broader trading range as soon as possible».[/i]

🦬🚀 Bullish Scenario.
[i]«A decisive break above $82.5K, followed by sustained acceptance above this level, would open the way for a move back toward the upper boundary of the $82.5K–$86.5K range».[/i]

Peace!🌄

⚠️Disclaimer:
All information shared on this channel is for educational and informational purposes only and does not constitute investment advice. The author is not responsible for your trading decisions. Always manage your risk and make your own independent decisions.

#BTC : Bulls Are Losing Strength Near Range Lows 🏋🏽 $BTC

#bitcoin remains trapped in the $82.5K–$86.5K range, but the price action is becoming increasingly concerning for the bulls.

Since Sunday, $84K has rejected price seven times. Meanwhile, repeated false breakdowns below $82.5K have failed to trigger a sustained recovery toward the upper half of the range.

What to watch 🫪

A false breakdown often fuels a sharp reversal in the opposite direction. We saw impulsive moves following the false breakdowns on October 8 and 13, but both lost momentum near $84K.

The longer BTC remains near the lower boundary, the greater the risk of a breakdown.

🦬🚀 Bullish scenario: Hold $82.5K and reclaim $84K → potential move toward $86.5K.

🐻🪓 Bearish scenario: Lose $82.5K → $80K becomes the next key level. A confirmed breakdown below $80K could open the way toward $76K.

For now, $82.5K remains the key level to watch.

Peace! 🌄

⚠️ Disclaimer: This post is for educational and informational purposes only and is not financial advice. Always manage your risk and make independent trading decisions.