$BTC
๐จ BTC/USDT โ Potential Reversal or Continuation? ๐จ
๐ Pattern Analysis
BTC has bounced from $76,606 and is forming higher lows, but resistance at $82,258 remains strong.
A sideways range between $79,000 - $82,500 is developing unless a breakout occurs.
If BTC fails to break above $82,500, we could see another test of $79,069.
๐ฏ Candle Analysis
Recent 4H candles show indecision, with mixed bullish and bearish pressure.
BTC rejected at $82,258, confirming seller strength at this level.
A 4H close above $82,500 could trigger bullish continuation toward $85,447, while failure may lead to $79,069.
๐ Market Overview
BTC is currently at $81,919.28 (-1.94%), struggling to reclaim upside momentum.
24H Range: $79,939 - $83,900
RSI (9): 48.43 (Neutral, not overbought or oversold)
MACD is recovering, but remains below zero, indicating weak momentum.
๐ Futures & Spot Trading Setups
๐ต LONG Setup:
Entry: $82,600 confirmation above resistance
Target 1: $85,447
Target 2: $88,636
Stop Loss: $80,500
๐ด SHORT Setup:
Entry: Below $79,069
Target 1: $76,606
Target 2: $75,881
Stop Loss: $82,000
โ Final Thoughts
๐ BTC needs to break $82,500 for bullish continuation. If it fails, a drop toward $79,069 is likely! Keep an eye on volume and candle closes for confirmation! ๐จ
