BTC Ready to Breakout or Break Down? Key Levels to Watch 👀
Bitcoin is hovering near $84K after a sharp rejection at $85.5K — and all eyes are now on whether it can reclaim momentum or slide deeper into support.
📉 Short-Term Bearish Signs (1H/4H):
Price rejected from upper Bollinger Band near $85.5K.
EMAs curling down, volume fading — momentum weakening.
Volume delta shows buyer exhaustion post-rebound.
📊 Fibonacci Confluence Zone (1H/4H):
Strong support: $83.0K–$83.5K (Fib 0.5–0.618 + 4H EMA).
Critical resistance: $85.5K → breakout trigger.
Extension targets if broken: $87.7K → $89.3K → $91.3K (Golden 1.618 Fib level).
🧠 Macro Still Bullish (1M):
Despite the short-term chop, BTC is consolidating healthily above $76K.
Price is well above monthly MAs and mid-Bollinger.
Post-halving structure still intact.
🚨 Trade Setup (Short-Term):
Entry: Above $85.5K with volume
SL: Below $81.3K
Targets: $87.7K → $91.3K → $96K
📌 Watch This Range Closely:
Below $83K = sell trigger
Above $85.5K = breakout zone
Confluence at $90K–$91K is where bulls & bears will battle it out next
Set alerts, watch volume delta, and DYOR before entering.
Bullish or Bearish from here?👇 #Bitcoin #BTC #CryptoAnalysis #Fibonacci #PriceAction