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#MarketPullback $BTC TRAPPED in the $82K - $87K Range❗What’s Next❓ Bitcoin is stuck in a tight range between $82K and $87K how long will this consolidation last❓ Is this just a cooldown before an explosive breakout beyond $100K, or are we looking at a deeper correction ahead? Stay sharp, as the next move could be massive❗What’s your take Bullish or Bearish❓
$BTC /USDT – Temporary Relief or More Downside? #Bitcoin is currently trading at $84,115, down 9.59%, after hitting a low of $82,464. A slight bounce is occurring, but selling pressure remains strong.
BTC
83,570.01
-9.96%
Key Levels to Watch
Resistance: $85,500 – A breakout could push BTC toward $87,000 and $89,500
Support: $82,500 – If BTC fails to hold, further downside to $80,000 and $78,500 is likely
Market Insights
Parabolic SAR: Bearish trend intact, with minor relief in progress
MACD: Still negative but showing early signs of a potential turnaround
Volume: Increasing, indicating active trading but still favoring sellers
Trade Setup
Long Entry: Above $85,500, targeting $87,000 and $89,500
Short Entry: Below $82,500, aiming for $80,000 and $78,500
Stop Loss: $83,000 for risk management
BTC is attempting a recovery, but without strong buying volume, another drop remains a possibility. Watch for confirmation before making moves.