Bitcoin tests $83,600 Supertrend support after $87K rejection
- —BTC hit $87,278.54 before retreating to $84,344, down 2.16% on the day
- —Daily RSI stood at 65.31; 4-hour Chaikin Money Flow was positive at 0.12
- —US spot Bitcoin ETFs drew $999 million on Sep. 21, per Farside Investors
- —Immediate support sits at the 4-hour Supertrend near $83,593
Why it matters: The push to $87,000 came from short covering rather than fresh buying, so whether spot buyers defend $83,600 will shape the next move.
Source: crypto.news