
The Bitcoin:NATIVE pivot level of 82,500, which I’ve been monitoring for some time and has not performed poorly during this period, now appears to be today’s resistance level. The current pivot is at 80,000, meaning upward moves will now be met with strong sellers at 82,500. Support is at 79,000, resistance at 82,500, and 80,000 serves as the elevator level, while 81,500 can be considered the new pivot point. In short, you can think of long positions above 81,500 and short positions below it. The 80,000 level acts as a key area for buyers and sellers to exchange positions. A break above 82,500 or below 79,000 on the 4-hour chart, if contrary to your position, would serve as your stop level. #bitcoin
