$WBTC /USDT – Bearish Trend with Support Testing

Price: $83,522.44

24h Change: -8.97%

24h High: $93,559.88

24h Low: $82,397.57

24h Volume (WBTC): 435.55

24h Volume (USDT): 38.37M

Momentum Analysis

WBTC/USDT is experiencing a bearish trend with a significant drop of -8.97% in the past 24 hours. Currently, it is testing key support at $82,397.57, and further movement below this level could signal continued downside potential. The pair's momentum shows signs of consolidation near the current low, with volume staying substantial.

Long Setup

Entry Zone: Wait for a confirmed rebound above $83,500.

Targets:

T1: $84,500

T2: $86,000

T3: $88,000

Stop Loss: $82,000 (below recent lows)

Breakout Confirmation & Key Support

Breakout Confirmation Level: $84,150 (above this, a move to $85,000 is likely)

Key Support: $82,400 (keep an eye on this for potential bounce or breakdown)

Pro Tip for Traders

Watch for volume spikes as a key confirmation signal for potential breakout or breakdown. Stay cautious of false breakouts, particularly in the current volatile market.

Relevant Hashtags

#WBTC #CryptoTrading #BearishTrend #MarketSupport #BreakoutAnalysis