Bitcoin surged to $82,258 on September 3, pulled back to $78,609, and has since recovered to $80,015, holding above its short and medium-term average price lines.
The chosen entry sits where three things overlap at once: the exact halfway retracement of that surge, a tight cluster of recent lows, and the empty pocket between the short and medium-term average price lines.
The $78,609 level is a floor that survived a shock jobs report without breaking, so a daily close beneath it would mean the uptrend structure is finished and the position is cut.
The full analysis is for members
Analysis by methodology (ICT, Wyckoff, Elliott, divergence, macro, news), invalidation levels, R:R and confidence are in the member report.
