$BTC – RANGE HOLD OR DEEPER PULLBACK AHEAD?
Pause for a moment and watch this carefully. Bitcoin has rejected from the upper range and is now trading back near a critical support zone around 86K. The sell-off looks corrective rather than panic-driven, and price is attempting to stabilize after the sharp drop. If buyers successfully defend this level, $BTC can form a base for another push higher; however, failure to hold here could open the door for a deeper retracement.
Trade Setup:
Entry Range: 85,800 – 86,600
Target 1: 88,500
Target 2: 90,000
Target 3: 92,000
Stop Loss (SL): Below 84,800
Short Outlook: As long as $BTC holds above the 85K support zone, the broader structure remains intact and a recovery bounce is likely. A clean reclaim above 88K would signal strength returning, while a breakdown below support would shift momentum temporarily bearish.
#USNonFarmPayrollReport #WriteToEarnUpgrade #BinanceBlockchainWeek
