π¨ BTC AT A CRITICAL LEVEL β WILL 81.6K HOLD OR WILL BEARS PUSH PRICE TOWARD 78K?
π BTC UPDATE | OCT 9
On M30 and H1, BTC remains below both the EMA50 and EMA200, with both EMAs sloping downward. This suggests the short-term bearish trend remains intact, with no clear reversal signal yet
On H4, BTC is testing the EMA200 around $81,600 - a key support level to watch closely
β οΈ The critical battle is happening at the H4 EMA200:
If support holds, BTC could rebound toward $82.5Kβ$83.5K
If support fails, weβll maintain our bearish plan, targeting $78Kβ$80K
π―Preferred Setup: SHORT on a pullback with confirmation
π Watch Zone: $82,200β$82,500
π Altcoins to Watch: $SOL, $ETH, $AVAX, $DOGE, and $XRP. Combine price action with your trading indicators and wait for a suitable confirmation signal.
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