Bitcoin Recovery 🚀 | Eyes on $83K
$BTC is staging a short-term recovery after recent weakness, with $83K as the key upside target.
📊 Market Pulse:
• Momentum improving, but still conditional — no confirmed trend yet
• Derivatives: rising open interest = traders prepping for a move, funding neutral = cautious leverage
• On-chain: long-term holders holding, exchange inflows steady → low immediate sell pressure
• Spot demand is crucial for follow-through
📈 Technical Notes:
• Needs sustained acceptance above key resistance to target $83K
• Failure = possible range-bound action or retest of lower levels
• Volume expansion + strong buyer participation = bullish confirmation
💡 Takeaway: Recovery is loading, but patience is key — volatility remains high, and the next leg depends on real buying power.
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