$BTC Update: Relief Bounce or Bull Trap? 📈🤔
Bitcoin is showing signs of life! After hitting a local bottom of $81,118, we are currently seeing a recovery towards the $83,940 level.
What the Data Says:
Current Status: BTC is up about +2.83% from the recent lows.
Resistance to Watch: The immediate hurdle is at $84,615 (previous breakdown point).
A clean break above this could lead us to $86,600 (MA7).
Market Sentiment: Trading volume remains high at $63.43B, showing that buyers are stepping in at these lower levels.
My Analysis:
While the bounce looks good, we need to stay cautious. Unless we reclaim $87,000, the overall trend on the daily chart remains bearish.
Are you buying the dip now, or waiting for a retest of $81k?
Let me know your moves in the comments! 👇
Disclaimer: Not financial advice. Always DYOR.
#Write2Earn #BTC #CryptoMarketMoves #BitcoinAnalysis2026 #TradingUpdate
