BTC Update 08/06/2026
Trend: Short Play 📉.
BTC is currently sitting right at the M15 supply zone, and the strong wick reaction indicates that the bears are still in control of this area. If the price fails to break through the supply zone, it's highly likely BTC will continue to dip towards the 59,000–61,000 range.
Main Scenario
- Rejected at the M15 supply zone → prioritize shorting according to the main trend.
- Break and hold above the supply zone → only then can we expect a short-term technical bounce.
- Failing to reclaim this zone → the risk of falling back to the 59,000–61,000 range is very high.
Current Perspective 🕯
The primary trend remains bearish, so this isn't a safe zone to long. It's best to wait for a clear confirmation at the supply zone; for now, the probability of further downside is still higher.
*This is not investment advice. DYOR
#CreatorpadVN
Trend: Short Play 📉.
BTC is currently sitting right at the M15 supply zone, and the strong wick reaction indicates that the bears are still in control of this area. If the price fails to break through the supply zone, it's highly likely BTC will continue to dip towards the 59,000–61,000 range.
Main Scenario
- Rejected at the M15 supply zone → prioritize shorting according to the main trend.
- Break and hold above the supply zone → only then can we expect a short-term technical bounce.
- Failing to reclaim this zone → the risk of falling back to the 59,000–61,000 range is very high.
Current Perspective 🕯
The primary trend remains bearish, so this isn't a safe zone to long. It's best to wait for a clear confirmation at the supply zone; for now, the probability of further downside is still higher.
*This is not investment advice. DYOR
#CreatorpadVN