Is $78.5k the ceiling or just a pitstop?


$BTC ‌ is playing with our emotions right at the local top. We just tapped that 79.4k resistance and pulled back slightly, but the bulls are refusing to let it drop under 77k.
Looking at the daily candles, we have a series of higher lows, but the volume is starting to look a bit tired on this push. If we don’t clear 80k with some real strength soon, I’m expecting a healthy retest of the 73k zone to shake out the late longs.
Keeping a close eye on the order book. The asks are stacking up heavily near 80k, so don't be surprised if we see a fakeout before a real move. I’m staying patient and not chasing this green candle.

#DailyPolymarketHotspot
BTC0.62%
post-image
post-image
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.
  • Reward
  • Comment
  • 1
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin