BEARISH

BTC BEARISH · 12h

ENTRY80,000~80,800TARGET76,800STOP82,000
BTC chart

In 3 lines

  • Bitcoin surged 32% in two weeks to a high of $81,261, and has spent the last four days stuck between roughly $75,500 and $81,300.
  • It set that new high while its upward force actually weakened, and on a quarter of the volume of the rally before it — both warnings landed at the same price.
  • So a decisive move back above $81,261 would prove this call wrong, which is exactly why the stop sits just above it at $82,000.

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Analysis by methodology (ICT, Wyckoff, Elliott, divergence, macro, news), invalidation levels, R:R and confidence are in the member report.

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