Bitcoin looking at a potential fakeout scenario around the $83.8k level. Once that breaks and recovers, we should see a move that sets up a solid shorting opportunity. The key target to watch is $74k—if we hit a bounce in that range, that's where the selling pressure could intensify. Keep an eye on volume confirmation as BTC approaches these levels.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
12 Likes
Reward
12
6
Repost
Share
Comment
0/400
ParanoiaKing
· 11h ago
Will the 83.8k break really rebound to 74k? Feels a bit uncertain in this wave.
View OriginalReply0
WhaleWatcher
· 11h ago
83.8k If there's a false breakout at that key level, 74k would really be a good short entry point... Need to watch the trading volume for confirmation.
View OriginalReply0
0xSherlock
· 11h ago
83.8k has been broken, let's talk about it later. There's no point in bragging about the golden ratio right now.
View OriginalReply0
StakeTillRetire
· 12h ago
83.8k, can this barrier really be broken? Feels like we're about to be tricked again.
View OriginalReply0
TestnetNomad
· 12h ago
83.8k, the key level needs to be broken for it to get interesting. Right now, it also depends on how the trading volume performs.
View OriginalReply0
SchrodingerAirdrop
· 12h ago
83.8k broke support and is now pulling back, waiting to buy the dip. 74k is the real sniper point.
Bitcoin looking at a potential fakeout scenario around the $83.8k level. Once that breaks and recovers, we should see a move that sets up a solid shorting opportunity. The key target to watch is $74k—if we hit a bounce in that range, that's where the selling pressure could intensify. Keep an eye on volume confirmation as BTC approaches these levels.