Current Market Context
Price: 83,525.90 USDT
SuperTrend: The red shaded area and the line at 91,263.71 indicate a strong Sell signal. The price is trading well below this resistance.
Performance: The asset is down significantly over the last 90 days (-24.29%), showing a consistent downtrend.
Key Price Targets
1. Immediate Resistance (The Ceiling): ~$84,600 - $86,000
Before BTC can move higher, it needs to clear the 24h high shown in your screenshot (84,621). If it fails to break this, the current move is just a "dead cat bounce" (a temporary recovery in a falling market).
2. Bearish Target (Support): ~$81,118
Looking at the "wick" on your chart, the price recently dipped to 81,118. This is your immediate downside target. If the price breaks below this, we could see a slide toward the psychological level of $80,000.
3. Bullish Reversal Target: ~$91,263
For a true trend reversal, the price needs to challenge the SuperTrend line at 91,263. A daily close above this would flip the chart from bearish to bullish.
