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Bitcoin -4% since yesterday's post & some problems with the first support
As I noted yesterday, the first support area for bitcoin:native is around $80K–$82K.
The problem I'm starting to see with this first support is that a lot of people on the timeline are rushing to long this, so there's still some short-term denial.
Is this a potential swing entry? Yes, but we don't have any evidence of a reversal yet, not even on the LTF.
Patience🙏
BTC is around $82.8K.
Support: $82.3K / $81.3K
Resistance: $83.5K / $86.5K
Above $83.5K → rebound possible toward $86.5K.
Below $81.3K → risk of $78K.
Bias: Bearish → Neutral.