đ¨ $BTCUSDT â Bulls Attempt Recovery as Key Support Holds! âźď¸đĽ
Bitcoin is clinging to critical support after a sharp rejection at $95K sent prices tumbling. The CME gap is nearly filled, and with BTC now stabilizing near $85K, bulls have a shot at reclaiming lost groundâif they can hold this level. The market is on edge, watching whether this support zone sparks a bounce or if more downside is in store.
đ Technical Breakdown
⢠1D Chart: Heavy sell-off from $95K, testing $85K support with RSI at 29âoversold conditions.
⢠4H Chart: Price stabilizing above $85K, showing signs of absorption, but EMAs still trending down.
⢠1H & 15M Charts: Local consolidation forming near $85K; volume tapering off, suggesting potential reversal attempts.
đ On-Chain & Market Sentiment
⢠đ Exchange Reserves: BTC reserves increasedâpotential short-term distribution.
⢠đ° Smart Money Activity: $1.2B in sell orders vs. $985M in buysâbears still have the upper hand.
⢠đ Market Correlation: BTC bouncing while altcoins struggleâdominance shift in play.
⢠đ BTC.D Rising: Altcoins showing relative weakness.
⢠đľ USDT.D Holding: No major risk-on shift yet.
⢠đ TOTAL3 Pullback: Altcoin market retracing, dependent on BTC stability.
đ Whatâs Next?
⢠Bullish Case: If BTC holds above $85K and reclaims $88K-$89K, a move back to $92K-$95K is possible.
⢠Bearish Case: Losing $85K could open doors to $82K-$81K, where a major liquidity zone sits.
đĄ Watch for:
⢠RSI Divergence: A higher low with bullish divergence could confirm reversal.
⢠Volume Confirmation: A strong push with increasing buy volume signals strength.
⢠Macro Resistance: $89K-$90K must break for upside continuation.
đ˘ Follow, like, comment & share to support the community.
đ El Shaddai: (Hebrew: ×Öľ× ×ŠÖˇ××ÖˇÖź×) â âGod Almighty, the All-Sufficient One.â His grace sustains.
