⚠️$BTC short term pull back to meet support at $80k
Probably...
$BTC Market Outlook – Still Leaning Bearish in the Short Term
Following up on yesterday’s sentiment, $BTC appears to be meeting constant rejection at $86k to $84k. I'm still getting the hang of this platform—notifications seem to be ghosting me, but will get it eventually
Now, zooming out to the daily timeframe, the bigger picture remains bullish. Price action suggests we’re ultimately on our way up. However, when we drill down into the lower timeframes, we can clearly spot key areas of liquidity and inefficiencies—those pockets the market loves to revisit before making it real move
I suspect that BTC might retrace and find short-term support around the $80k to $77k zone before resuming its upward trajectory. These levels could serve as a springboard for the next leg up.
That said, if price breaks below that region, the next probable support zone could lie between $74k to $70k.
Just my current read on the charts. Let’s see how it plays out.
Following up on yesterday’s sentiment, $BTC appears to be meeting constant rejection at $86k to $84k. I'm still getting the hang of this platform—notifications seem to be ghosting me, but will get it eventually
Now, zooming out to the daily timeframe, the bigger picture remains bullish. Price action suggests we’re ultimately on our way up. However, when we drill down into the lower timeframes, we can clearly spot key areas of liquidity and inefficiencies—those pockets the market loves to revisit before making it real move
I suspect that BTC might retrace and find short-term support around the $80k to $77k zone before resuming its upward trajectory. These levels could serve as a springboard for the next leg up.
That said, if price breaks below that region, the next probable support zone could lie between $74k to $70k.
Just my current read on the charts. Let’s see how it plays out.
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BTC
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