$BTC /USDTis moving in a pretty clean range between the demand zones below and the supply zone overhead.
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Quick Breakdown:
• Current Price: ~84,564
• Supply Zone: ~85,500 to 86,000
Price wicked into this area and got rejected — showing it’s still a strong resistance.
• Demand Zones:
• Zone 1: ~83,250 to 83,500
• Zone 2: ~82,800 to 83,000
These are the areas where buyers have consistently stepped in.
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Trade Thoughts:
1. Range Play Setup:
• Sell from top range (~85,500–86,000)
if price revisits with signs of rejection or bearish divergence.
• Buy from bottom range (~83,250 or 83,000)
after a sweep or clear bullish reaction.
2. Breakout Watch:
• If price breaks and closes above 86,000, could signal a continuation to 86,750+
• A break below 82,800 might lead to deeper pullbacks (watch for liquidity grabs)