$BTC update: holding the bounce, testing $81.2k
The 80k sweep is holding.
$BTC bounced from $79,725 to $81,390. Since then it's been holding between $80.9k and $81.1k.
Now it's sitting just under $81.2k.
That's where the SMA50 is. It's also the top of the zone lost earlier today.
No follow-through yet. Just consolidation.
RSI is around 45.
Price is just inside the lower Bollinger Band.
Open interest is slowly rebuilding after the flush. About $300M has come back in.
Funding is still flat.
Retail long/short is 1.80. Top traders are still slightly net short at 0.94.
Stocks aren't helping. QQQ is down 1.3%.
Levels I'm watching:
Resistance at $80.8k–81.2k, then $82.8k–83.7k, then $87.4k
Support at $80.3k (EMA50), then $79.7k–80k, then $77.7k and $75k.
How I see it:
A daily close above $81.2k confirms the sweep and reclaim.
Rejection here puts $80.3k and the $79.7k sweep low back in focus.
Patience until the daily close.
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