TechFlow news: On February 27, Adam, a macro researcher at Greeks.live, published an English community briefing on X stating that Bitcoin market sentiment has turned bearish, with traders closely watching $82,000 as the key support level to maintain the higher time frame trend.
Technical analysis shows that the 2024 volume-weighted average price (VWAP) in the $82,000–$83,000 range is considered "the most relevant level in the bull market."
A close below the 2024 VWAP band could lead to trend breakdown and push prices down toward the $77,000–$72,000 range.
Facing a rapid 17% decline within three days, multiple traders have already shifted to bullish ratio spread strategies as a defensive measure. The market may turn sideways, potentially retesting the $88,000 level before determining further direction.
