BTC Update: Price Rejected at ResistanceBTC Update: Price Rejected at Resistance
Key Developments:
- BTC price has been successfully rejected from the marked resistance zone.
- A deeper retracement (pullback) towards the lower marked $80k demand zone is now expected.
Market Outlook:
The rejection at resistance suggests a potential short-term bearish bias. Traders should monitor the $80k demand zone for a potential buying opportunity or further downside momentum.