Syed Hussnain Sarmad Makhdoom
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$BTC Update: Reclaiming the Bias 📈
The short-term structure is shifting back to neutral-bullish as #BTC battles to reclaim the critical $81,000 level. After a brief dip below $80,000 on Friday, May 8, price action has recovered to trade near $80,200. [1, 2]
Latest Market Focus:
🔹 Critical Pivot: Reclaiming and holding $81,000 is essential to invalidate the bearish breakdown.
🔹 Resistance Zone: Bulls are eyeing a daily close above the 200-day SMA (~$83,000) to confirm a breakout toward $85k–$90k.
🔹 Support Floors: Strong defensive liquidity is sitting at $79,000 and $78,000. [1, 2, 3, 4, 5]
Strategy Update:
Reactive approach remains key. Watch for strength on the reclaim of $81k before aggressive longs. Staying alert to institutional inflows and weekend CME gap fills. [1, 2]
#bitcoin #Bianance #cryptotrading #Market_Update #Write2Earn $BTC
The short-term structure is shifting back to neutral-bullish as #BTC battles to reclaim the critical $81,000 level. After a brief dip below $80,000 on Friday, May 8, price action has recovered to trade near $80,200. [1, 2]
Latest Market Focus:
🔹 Critical Pivot: Reclaiming and holding $81,000 is essential to invalidate the bearish breakdown.
🔹 Resistance Zone: Bulls are eyeing a daily close above the 200-day SMA (~$83,000) to confirm a breakout toward $85k–$90k.
🔹 Support Floors: Strong defensive liquidity is sitting at $79,000 and $78,000. [1, 2, 3, 4, 5]
Strategy Update:
Reactive approach remains key. Watch for strength on the reclaim of $81k before aggressive longs. Staying alert to institutional inflows and weekend CME gap fills. [1, 2]
#bitcoin #Bianance #cryptotrading #Market_Update #Write2Earn $BTC
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