#BTCMarketAlert
Bitcoin’s recent bounce from $78,153 to $83,658 may appear bullish, but caution is warranted. Here’s a fresh perspective:
False Breakout Risk: The surge to $83k+ could be a temporary relief rally, not a sustainable trend. Key resistance at $86,057 remains untested, and volume trends suggest weak institutional participation.
Bearish Divergence: While bulls pushed prices higher, the RSI is overbought (72), signaling potential exhaustion. A failure to hold above $83k could trigger a retest of $78k support, with downside risks to $72k if momentum fades.
Market Sentiment: Whales are silent—on-chain data shows minimal accumulation. Retail FOMO might drive short-term pumps, but structural weakness persists.
Next Moves:
Bull Scenario: A decisive close above $86k invalidates bearish bias, targeting $92k.
Bear Scenario: Sub-$80k could cascade to $75k, reigniting macro downtrends.
Final Word: This isn’t a “bullish breakout”—it’s a fragile rebound. Protect capital, set tight stops, and stay nimble. The path to $98k remains blocked by macro headwinds.
