BITCOIN MARKET UPDATE
Current Range: $83K - $86K
Breakout Direction Hinges on Key Catalysts
Below $83K: Watch for a potential higher low setup (blue zone) as a possible long entry.
Above $86K: A breakout could lead to a test of the $88K resistance area (arrow).
Important Notes:
Multiple potential outcomes – this is not a forecast.
Breakouts could present short-term trading opportunities.
A pullback to the $78K-$80K range could offer long setups.
Resistance around $88K-$90K might present short opportunities.
Macro View:
A double bottom at $76K suggests a bullish market structure.
Current price levels may be appealing for longer-term positions with strategic allocation.
A break below $65K would shift the broader market outlook.
Seasonality & Volatility:
Expect tighter price ranges and quieter price action.
However, news events could still trigger sudden moves.
Stay flexible and monitor for new developments.
$BTC
