🚨 BITCOIN Market Update ⚠📉
📍 Current Price: $83,532
📊 Resistance Zone: $84,000 - $86,000
📉 Support Zone Below: $81,800 – $82,000
As shown in the chart, Bitcoin is currently trading just below the resistance zone and hovering at a key demand level. After multiple rejections near $86,000, the price is showing signs of short-term weakness.
🔍 Key Observations:
🔻 Price is respecting the descending trendline and has failed to break above $86,000.
🔻 If $BTC holds above the $83,000–$83,500 zone, we might see another attempt to retest resistance.
🔻 If the price breaks below and holds under $83,000, next clean demand is near $81,800–$82,300 where bulls might step in again.
🔻 Structure still respects previous demand zones — but overall trend looks slightly weak unless we get a strong bullish reaction.
📊 Today’s Market Catalyst:
📌 5:30 PM (Pakistan Time) – Core & Retail Sales (USD)
➡️ Strong numbers can push the dollar higher and pressure BTC.
📌 10:30 PM (Pakistan Time) – Fed Chair Powell’s Speech
➡️ Any mention of higher interest rates or inflation concerns could bring more fear to the market.
⚠ Trade Smart:
Price is at a decision point — wait for a clean break above $84,300 to consider bullish continuation.
Otherwise, let the price dip into lower demand zones and look for a reaction there.
📌 More updates after today’s news. Stay patient, stay focused.
