Bitcoin Daily Market Update
Bitcoin saw a sharp sell-off and is now bouncing from the lower support zone, but this is still a recovery move, not a confirmed trend reversal. Strong buying appeared around 81,000–82,000, shown by long lower wicks and rising volume, confirming this zone as key short-term support. Buyers are defending this area and preventing further free fall for now.
From this base, $BTC has rebounded toward 83,800–84,600, which is acting as a reaction and resistance zone. This bounce should be treated as relief, not strength. The higher-timeframe structure remains weak, and price is still below major breakdown levels, so upside moves must be managed carefully, not chased.
If BTC holds above 83,000–83,500, the bounce can extend toward 85,000–86,200, where sellers are likely to step in again. Long positions should take partial profits and trail stops, as volatility remains high.
If price loses 83,000, weakness returns and BTC may revisit 82,000, followed by the critical 81,000 support. A clean break below 81,000 would invalidate the recovery and open the door for another strong sell-off toward lower levels.
What to do now:
If you are long, protect profits and trail stops below 83k.
If you are short, avoid adding near support and wait for rejection at resistance.
If you are flat, stay patient and wait for confirmation.
Bitcoin is currently in a decision zone. Support is strong, but a real trend shift still needs confirmation.
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