BTC has been in an uptrend but recently encountered resistance and faced rejection, suggesting a potential corrective move. A second rejection at this level could indicate a failure swing; however, confirmation is still needed.

The key front-run level to watch is $87K, where a high-volume breakout or a reaction leading up to it should be monitored. The primary entry point is at $86,350, but since this setup is counter-trend, careful risk management is essential. A tight, percentage-based stop-loss is necessary, along with quick profit-taking to minimize exposure.

If strength is confirmed above $87K, it could invalidate the rejection setup and shift the bias back toward bullish continuation. Keep an eye on volume dynamics and lower timeframe reactions.

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If BTC drops sharply below $83,000 in the near term, it would signal weakness on the 1-hour chart and increase the chances of a second decline, potentially targeting the $73,000 demand zone, where significant accumulation has occurred.

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Agreed. A sharp drop below $83K would indicate weakness in the short term. If that happens, $73K could be a key level to watch, given past accumulation. Let’s see how price reacts around support zones.