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Bitcoin previously underwent a technical correction that pushed the cryptocurrency to a weekly low of $80,396. It has since staged a solid recovery and is now testing the critical 61.8% Fibonacci retracement level at $84,275.50.
This threshold represents an important test of the rebound’s strength. A decisive break and sustained close above $84,275.50 would suggest that the corrective phase has run its course, signalling renewed buying momentum and supporting a continuation of Bitcoin’s longer-term bullish trend.
Conversely, a rejection from this resistance would indicate that the recovery remains corrective and could leave BTC vulnerable to another pullback. Until the Fibonacci level is reclaimed, the bullish continuation signal remains unconfirmed.
Resistance Levels:86,560.00, 92,290.50
Support Levels:82,185.00, 79,190.00

USD/JPY is consolidating within a long-term ascending-triangle formation, with the pair trading in an increasingly narrow range below critical resistance at 158.40. The structure carries a bullish bias, but an upside breakout is required to confirm the next directional move.
A decisive break and sustained close above 158.40 would validate the ascending-triangle pattern, signal renewed buying momentum and potentially trigger another leg higher.
Conversely, another rejection from 158.40 would point to weakening bullish conviction and could lead to a short-term pullback. A break below the triangle’s rising support line would provide stronger confirmation of a bearish shift and increase the risk of a deeper selloff.
ResistanceLevels160.55, 162.35
Support Levels:156.30, 154.40
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