🚨BTC Detailed Price Action Analysis
BTC is currently attempting a short-term relief bounce from the $74.7k demand zone, which is acting as temporary support after the recent impulsive sell-off. While this bounce may look encouraging on lower timeframes, it is important not to confuse a relief rally with a trend reversal.
From a market structure perspective, BTC remains bearish:
• Price is still trading below key resistance levels
• Lower highs and lower lows are intact
• The move up looks corrective rather than impulsive
For BTC to shift back into a short-term bullish scenario, we need a strong daily close above the $84k level. This level aligns with:
• Prior support turned resistance
• A key breakdown zone
• Likely supply from trapped longs
Until BTC reclaims and holds above $84k, any upside movement should be treated as a pullback within a broader bearish trend.
Key Levels to Watch:
• Resistance: $80k–$82k (bearish retest zone), then $84k
• Support: $74.7k initially
• Below $74.7k: Opens the door for further downside continuation toward lower liquidity zones
Expected Scenario:
BTC may:
1. Continue the current bounce
2. Face rejection around $80k–$82k
3. Form a bearish retest
4. Resume downside momentum if sellers step back in
Unless bulls show strong acceptance above $84k, the market remains vulnerable to further distribution and downside expansion.
⚠️ Caution: Volatility remains high, and liquidity-driven moves can cause sharp wicks on both sides. Risk management is key in this environment.
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