$BTC 🟠

📈 4-Hour Frame

• The price bounced from $81,600, indicating strong support at this level. However, it is still below the EMA 200, keeping the overall trend bearish.

🔹 Resistance: $82,700 - $83,600 - $84,738 - $86,663

🔹 Support: $81,600 - $80,460 - $78,500

🔹 The $83,600 level is considered a minor resistance, which can act as a barrier to any bullish rebound. If $82,700 is broken, we may see the price test $83,600; if it breaks that, we might see it test $84,738, which is a stronger resistance level.

🔹 The MACD is still in the negative zone, with continuous bearish momentum and no clear bullish signal appearing yet.

🔹 The RSI is at 31.01, indicating that the price is in the oversold territory, and there may be a coming rebound, but it needs confirmation.

⚡️ Upcoming Scenarios:

✔️ Holding above $82,000 and breaking above $83,600 🔜 could push the price towards $84,738 - $86,000 and possibly more, but this requires strong buying momentum.

✔️ Failure to surpass $83,600 🔜 we may see a retest of $82,000, and if this support is broken, a pullback towards $80,460 - $78,500 becomes possible.