The market is on a knife's edge today. Bitcoin saw a slight bounce overnight but is now facing immediate resistance, leaving traders in suspense. Meanwhile, a major altcoin is showing signs of life on the back of significant network news. Let's break it down.
💡 Tip 1: Bitcoin's Bounce Meets the $84,000 Wall
After successfully defending the critical support at $82,500, Bitcoin (BTC) has bounced but is now struggling to break through the $84,000 resistance level. This area represents the first major hurdle for bulls.
* Trigger: Watch the 4-hour chart. A failure to gain momentum above $84,000 could lead to another retest of the $82,500 support.
* Actionable Signal: A firm break and close above $84,000 on significant volume would be a bullish sign, potentially opening the path back to the $88,000 resistance zone. The immediate battle is at $84K.
Do you think BTC has the strength to break this wall, or are we heading for more consolidation?
