Bitcoin looks slightly bullish right now and could move higher if it breaks the $82K resistance.
If BTC falls below the $76K support, a short-term drop is possible
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CRYPTO DAWAR
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MARKET UPDATE- 👀
After Bitcoin lost $80.7k (Monday High) as support on the 4hr chart, we quickly saw the move to retest the $79k area as expected. We can see that the 4hr support now is $79.5k (Prev Week High) with each of the last 4 candles testing and holding above this.
I still do not rule out a retest closer to $78.5k, where we have the Weekly Open and significant demand from last weekend's price action. I would expect this before new local highs, but a 4hr reclaim of $80.7k would renew the bullish momentum.
$BTC
{future}(BTCUSDT)
$BNB
{spot}(BNBUSDT)
$XRP
{spot}(XRPUSDT)
#CathieWoodandCZDiscussAIandStablecoins #CryptoDawar #JTO #STRK #Write2Earn
After Bitcoin lost $80.7k (Monday High) as support on the 4hr chart, we quickly saw the move to retest the $79k area as expected. We can see that the 4hr support now is $79.5k (Prev Week High) with each of the last 4 candles testing and holding above this.
I still do not rule out a retest closer to $78.5k, where we have the Weekly Open and significant demand from last weekend's price action. I would expect this before new local highs, but a 4hr reclaim of $80.7k would renew the bullish momentum.
$BTC
{future}(BTCUSDT)
$BNB
{spot}(BNBUSDT)
$XRP
{spot}(XRPUSDT)
#CathieWoodandCZDiscussAIandStablecoins #CryptoDawar #JTO #STRK #Write2Earn
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