From TradingView · · 30s
Bitcoin Short: Failed Recovery Targets 81,000
Bitcoin's short position hit 81,000 as failed recovery leaves key level.
In brief
Bitcoin's short position hit 81,000 as failed recovery leaves key level. Bitcoin dropped to 81,000 after failed recovery from resistance, targeting a short setup. Originally reported by TradingView.
Bitcoin Short Setup
Bitcoin's short position targets 81,000 after failed recovery from resistance.
Current Price Action
Price holds below 83,160 supply zone while respecting 81,000 demand zone.
Target for Short
Continuation lower could target 81,000 with breakout above 83,160 weakening bearish outlook.
The short version
Bitcoin dropped to 81,000 after failed recovery from resistance, targeting a short setup.
