$BTC / Bitcoin Update: Eyes on $74Kโ$84K ๐๐ฅ
$75K has been swept, coming very close to our $74K prediction โ a level we still expect to be tagged eventually. But before that, a relief bounce seems likely. Historically, every time my RSI-matrix indicator has hit this zone over the last 4 years, it has been followed by a strong counter-trend rally.
On top of that, thereโs a huge CME gap at $BTC $84K from the weekend. Given the aggressiveness of this gap, thereโs a real probability it will get mostly filled. However, itโs important to remember that not all gaps fill quickly โ just look at the $93K gap that is still open.
The reaction around $74K will be crucial in determining the coming monthsโ trend. My gut says weโre still heading lower, but this zone represents strong liquidity support. Before continuation downward, we can likely expect a bounce toward $82Kโ$84K.
In short: short-term bounce first, then bears may resume control. Traders should watch support/resistance closely, especially around these key CME levels.
BTCUSDT Perp: 78,891.2 (-6.15%)
#MarketCorrection #USGovShutdownEnd? #bearishmomentum
๐$BTC Smart Trade Now ๐
