Apple's $215B Selloff Meets $279.50AAPLUSDTPERP PERPETUAL MIX CONTRACTBITGET:AAPLUSDT.Pzenthena00Apple wiped out roughly $215 billion in market value after announcing price hikes, sending shares down nearly 5% in a single session. Normally, a move this aggressive attracts buyers looking for a bargain. Instead, I'm seeing price stabilize below multiple resistance levels rather than showing a convincing reversal. That tells me the market is still trying to decide whether this was an overreaction or the beginning of a larger correction. The Setup From a technical perspective, I'm still cautious. Price remains below both the 20 EMA and 50 EMA after a sharp bearish impulse, while the recovery has been relatively weak. Buyers have managed to defend the discount demand zone around $273.69-$275.00, but they haven't reclaimed any meaningful resistance yet. The first level I'm watching is $279.50. This level previously acted as the bearish breakdown trigger and now becomes the first confirmation that buyers are regaining control. Until that happens, I see the recent bounce as a relief rally instead of a confirmed trend reversal. Why I'm Watching These Levels The area between $287.00 and $290.00 stands out as the most important resistance on my chart. It combines a premium supply zone, the 50%-61.8% Fibonacci Golden Pocket, and the descending 50 EMA, creating multiple technical reasons for sellers to defend that area. On the downside, the discount demand zone around $273.69 remains the key support. Losing this level would likely expose Apple's recent swing low and shift momentum back toward the bears. My Scenarios Bullish scenario If buyers reclaim $279.50 and continue toward $284.50, I'd expect the recovery to challenge the premium supply zone between $287.00 and $290.00. A clean breakout above that zone would invalidate my current bearish bias and suggest the selloff has already found its bottom. Bearish scenario If price fails to recover $279.50 and starts rolling over again, I'd expect another test of the $275.00-$273.69 demand zone. A decisive break below that support would strengthen the bearish structure and increase the probability of another leg lower. My Trading Plan Personally, I'm not interested in buying simply because Apple dropped 5%. I'd rather see buyers prove they can reclaim resistance before thinking about longs. Until then, I'm treating rallies as potential opportunities for sellers to step back in rather than assuming the correction is over. Once price confirms either scenario, I'll likely execute the setup through Bitget CFDs since it allows me to react to both bullish and bearish opportunities without changing platforms. Do you think Apple's $215 billion selloff was an overreaction that created value, or is the market correctly pricing in more downside?