$BTC
đ Current Technical Context & Patterns
BTC appears to be trading within a descending channel (from its October peak around ~$126K) â sellers currently have the edge.
A breakdown through key support levels (e.g., ~$99K and ~$102K) has accelerated the decline.
On-chain metrics (like cost basis of long-term holders) suggest ~$82K as a significant support area â traders will watch how price behaves here.
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đŻ Short-Term Trade Scenarios
Bullish scenario (for a bounce):
Price finds support around ~$82Kâ$90K zone and volume picks up.
Breaks above ~$93Kâ$95K on strong volume would start lifting short-term resistance.
If momentum builds and BTC clears ~$102K convincingly, potential move toward ~$105Kâ$110K.
Bearish scenario (if support fails):
Failure to hold ~$88Kâ$90K or ~$82K could expose a move to ~$75K or even lower.
Given the descending channel bias and weak momentum, downside risk remains elevated.
For traders:
Keep stop-losses tight if entering longs near support.
Wait for volume confirmation on any breakout above resistance.
Avoid chasing without clear structural change (e.g., channel break, higher