- Bullish bias in short to mid-term – Price may test resistance at 84,000–84,700. - Caution at higher levels: Strong resistance around EMA(200) on the 1h and 4h, near 84,200–85,500. - Downside risk: If price drops below 82,300, it may retrace toward 81,500.
Prediction: • Bearish Bias: Unless the price can decisively break above the EMA(7) and the mid-level of the channel, the bias remains bearish.
Next Levels to Watch: • Support: $82,000, followed by $76,600 if the support breaks. • Resistance: $84,500 (EMA 7) and $88,700–$89,500 (upper range of the channel and EMA 100).
If BTC stays within the descending channel and the oversold RSI triggers a bounce, a short-term upward move is possible, but the broader trend remains bearish unless a breakout above $89,500 happens.