BTC at a Crossroads: Breakout or Breakdown?
Alright y’all, let’s talk about Bitcoin’s current structure because we got a real interesting setup forming right now.
BTC just had a major dump, breaking through key levels and tapping into 82,210 before catching some aggressive buyers and pushing back up. Right now, price is retesting previous support-turned-resistance around 86,742 while still struggling around the 21 EMA on the 4H. That’s a red flag for bulls because if this level holds as resistance, we could see another leg down, possibly toward 84,114 or even back to 82,210 for a double-bottom setup.
What I’m Watching 👀
Right now, BTC is at a decision point. If price clears 86,742 and holds above it, I’d look for a breakout retest buy toward 92,883. But if rejection comes in strong here, I’ll be eyeing a short setup, entering around 85,300 with a target of 84,114 and 82,210 as an extended TP.
Patience is key right here! We wait for confirmation—either a clean break & retest above resistance for a long OR a strong bearish rejection for the short play. Either way, we ready to secure that bag next move! 🔥🚀
Drop a 🔥 in the chat if you’re watching BTC with me this weekend! 🤑📊 #CryptoOnWeekends
BTC just had a major dump, breaking through key levels and tapping into 82,210 before catching some aggressive buyers and pushing back up. Right now, price is retesting previous support-turned-resistance around 86,742 while still struggling around the 21 EMA on the 4H. That’s a red flag for bulls because if this level holds as resistance, we could see another leg down, possibly toward 84,114 or even back to 82,210 for a double-bottom setup.
What I’m Watching 👀
Right now, BTC is at a decision point. If price clears 86,742 and holds above it, I’d look for a breakout retest buy toward 92,883. But if rejection comes in strong here, I’ll be eyeing a short setup, entering around 85,300 with a target of 84,114 and 82,210 as an extended TP.
Patience is key right here! We wait for confirmation—either a clean break & retest above resistance for a long OR a strong bearish rejection for the short play. Either way, we ready to secure that bag next move! 🔥🚀
Drop a 🔥 in the chat if you’re watching BTC with me this weekend! 🤑📊 #CryptoOnWeekends
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Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.