#Btc next move
1. Price Action Context:
BTC just bounced from a strong support zone at ~$83,200.
However, it's still below the EMA(34) and in a local downtrend.
There's a large cluster of liquidation orders below current price (~$82,000 to $80,000), meaning if BTC drops again, it could trigger a cascade of forced selling (liquidations).
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2. Indicators:
RSI and Wm %R are oversold – this supports a short-term bounce or range consolidation.
MACD is still bearish, so momentum hasn’t fully shifted to the upside yet.
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3. Probable Scenarios:
Bullish Case (Relief Bounce):
BTC could push up toward the EMA zone (~$83,750–$84,000).
If bulls break and hold above $84,200, it might retest the $85,000–$85,500 range (minor resistance).
Bearish Case (Breakdown):
If it fails to reclaim $83,750 and loses $83,200 again,
A sharp drop to $81,800 or even $80,000 is possible due to liquidity below (as seen on Coinglass heatmap).
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Next Move:
> Likely bounce to $83,750–$84,200, but trend is still bearish unless that area breaks. If $83,200 fails again, prepare for a possible flush to $82K or lower.
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