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Guys $BTC pushed up to $87.25K but got rejected hard and dropped back toward $84K. On the 1H chart, we can see a clear loss of short-term momentum after the rejection.
BTC is now trying to stabilize around $84.5K, but the next move could be important:
๐ป Below $84K: $83K โ $82.5K could come into focus. ๐น Resistance: $85Kโ$85.5K ๐ Above $85.5K: could signal a recovery toward $86K+
For now, Iโm watching whether buyers can defend the $84K area or if this relief bounce gets rejected again.
$BTC needs to reclaim $85K+ to bring back some short-term strength.
$SAND IS EXPLODING HIGHER BULLS ARE IN CONTROL ๐
But guys don't chase this pump. This is not the time to blindly buy after such a massive move.
When a coin pumps this aggressively, a small rejection or pullback is usually possible before the next move. Instead of FOMO buying at the top, Iโd rather wait for the price to cool down and give a better entry.
Let the market come to us. Wait for the rejection โ wait for the pullback โ then look for confirmation.
Patience can give you a much better risk-to-reward entry than chasing green candles.
If BTC holds above $85K, buyers could attempt another push toward the recent high. But losing the $85K area could trigger a deeper pullback toward $84Kโ$83K.
For now, letโs see whether $BTC can turn $86K into support or needs to cool off a bit more.