BTC update 👀
BTC is sitting around $81.8K on the 4H chart, and honestly, the market still looks undecided.
After getting rejected near $87.2K, price has been making its way lower. Right now, BTC is trying to hold the rising trendline, but buyers haven’t shown enough strength to call this a reversal yet.
Here’s what I’m watching:
$BTC • $83.1K — The 100 MA and 200 MA are sitting almost at the same level. BTC needs to reclaim this area to improve the short-term structure.
• $81K — Immediate support. Price is trading close to this zone, so the next few 4H candles could be important.
• $79.7K — The recent swing low. If $81K breaks and the trendline fails, I wouldn’t rule out another visit here.
RSI is around 46, which tells me momentum is still a bit weak. Nothing on this chart confirms a strong bullish move just yet.
Personally, I’m not chasing a long here. I’d rather see BTC reclaim $83.1K with decent volume, or wait for a clearer reaction at support.
If support breaks, the bullish setup gets weaker. If resistance flips into support, things start looking more interesting.
For now, patience > FOMO.
What’s your take? Are we building a base here, or is another leg down coming?
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