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Market update $BTC: Testing the resistance zone at $81,500
#Bitcoin is currently in a state of continuous fluctuation as it faces the important resistance zone at $81,500. After a strong rally, the price was rejected at this level, leading to bearish candles appearing on the 30-minute chart.
📈 Technical analysis
• Selling pressure at resistance: When reaching the $81,500 mark, selling volume increases significantly, causing the price to quickly correct to around $80,500 in the short term.
• Key support zone: The $78,000 level now acts as a critical support. If the bulls hold this area, the “higher lows” structure remains intact.
• Bullish scenario: If $78,000 is well defended, the market may accumulate enough strength to challenge $81,500 again and aim for the $85,000 target.
• Downside risk: Conversely, if $78,000 is broken, there is a high chance the price will enter a deeper correction toward the psychological support at $75,000.
• Trading strategy: Closely monitor price reactions on the 30-minute chart, especially around the $80,000 zone. If $78,000 remains solid, the upward trend still has a chance to continue.
{spot}(BTCUSDT)