BTC is recovering well in the short term, but $82K must hold to sustain momentum. Long-term, a drop to $75K wouldn’t be bearish and could serve as a prime accumulation zone. Liquidity data shows solid buying interest, but $87K needs to break before BTC can confirm the next major move up.
BTC is showing a recovering uptrend, which looks quite promising. However, the key level to hold is $82K—losing this support could lead to a quick drop.
BTC remains in its recovery phase, and given the depth of the previous drop, it still has room to move higher. However, a drop to $75K remains a realistic scenario and would actually be healthy for the structure. This would also be our first accumulation zone, where buyers could step in.
The market is responding well, and buying interest is visible. However, BTC must break above $87K to trigger a proper breakout. Only then can Wave 5 begin its move higher.