#BTCRebound
Morning Market Insight:
Bitcoin experienced a three-phase decline over the past 30 minutes; however, the intensity of the drop was weaker than anticipated. This suggests a lack of strong bearish momentum at the moment. Traders currently holding short positions may consider partially reducing their exposure as a precaution, while any remaining positions should remain protected with a stop-loss set at $86,100.
In the short term, watch for the formation of a potential topping structure between $84,500 and $85,000. If such a pattern emerges and price fails to sustain upward momentum, this range could offer an opportunity to re-enter short positions.
Additionally, a decisive move below $83,000 would strengthen the bearish outlook and could signal further downside movement. Conversely, to shift towards a bullish structure, the price must break and hold above the $88,700 resistance level, which remains a key zone to monitor for any potential trend reversal.
Summary:
Weak bearish momentum signals caution for current short positions.
Watch $84,500–$85,000 for topping signals to reopen shorts.
$83,000 is the breakdown trigger.
$88,700 remains the trend reversal level to watch.
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