$BTC
BTCUSDT
Perp
84,021.8
+0.13%
USDT Perp Technical Analysis
Price trading around 82700 after a sharp drop from 88300
Short term structure shows lower highs and lower lows
Momentum still weak with selling pressure dominant
Key Resistance
83000 to 83300 zone
Above this area short term relief rally possible
Key Support
82000 first support
81000 to 80500 major support zone
Bias
Bearish to neutral below 83000
Scalp longs only on strong bounce from support
Break and hold above 83300 may shift bias to bullish retracement
Trade Idea
Short near 83000 to 83300
Stop above 83600
Targets 82000 then 81000
Or
Long only if strong rejection from 81000
Stop below 80500
Target 82500 to 83000