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
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.