š BTC: technical picture and key levels
Large limit sell orders are now concentrated in the range of $83,000ā85,000 ā this Main zone of resistance. For their implementation, counter demand (liquidity) is n$BTC eeded.
Zone of potential liquidity above:
⢠$82,700ā83,200 ā accumulation of stops and liquidations of short-positions. Price may show increased interest to test this area.
Support:
⢠$80,000 ā local zone of limit purchases, but the volume of orders noticeably a$BTC pproaches upper resistance, which provides support relatively weak.
Weekly events (high volatility):
⢠Today (May 12): Inflation estimation (CPI) ā the market sets expectations on inflation.
⢠Thursday (May 14): Voting on the Clarity Act (law on cryptocurrency regulation).
⢠Thursday (May 15): Paul's full term expires, confirming the new head of the FRS.
š”BTC $BTC hovers between weak support at $80k and strong resistance at $83ā85k. The outcome determines the macro and the regulator.
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