$BTC $ETH
⚠️ BTC/USDT Technical Breakdown – Watch This Zone Closely!
Current Price: $84,316
Timeframe: 4H
Key Chart Insights:
BTC faced rejection from the rising wedge resistance (bearish pattern)
Price is now hovering just below a strong supply zone (gray box)
Support levels to watch:
$82,625
$79,958
$78,528
Why did Bitcoin bounce earlier?
Around $73K–$74K, Bitcoin formed a double bottom — a classic bullish reversal pattern!
That zone acted as a strong demand area, leading to the aggressive rally upward.
Potential Scenarios:
Bullish case: If BTC reclaims the supply zone above $85K, we could see continuation to new highs.
Bearish case: If price loses $82.6K, it may revisit $79K–$78K, and potentially retest the demand zone near $74K again.
Volume is declining as price approaches resistance — caution advised!
This could signal a pullback before next move.
Stay smart — trade the levels, not the emotions.
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