- Currently, the price trend is MORE LIKELY to FALL first towards support levels at 89,766.4 and 89,260.6 before a significant reaction from buyers. However, as long as the strong support is not broken, the potential for a bounce back to 90,472.4 and then 92,288 remains open. - Wait for confirmation such as a strong rejection in the supply area (92,288) for short positions, or a reversal confirmation below the swing low (89,266.4/87,772.5) for long positions. - The bias will turn into a strong bullish if the price can break out and close above 92,288 with high volume and a successful retest, opening the way to the 93,555 – 94,589 area. - If the price breaks down below 87,772.5 with high selling pressure, the bias will turn into a continued bearish at least to 87,000. - Main recommendation: focus on price reactions at key support and resistance areas, always wait for confirmation before entering a position.
📝 This is not investment advice, only an educational report based on technical analysis and price action. Always manage risk and ensure the entry is confirmed by price action on small timeframes.
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My expectations $BTC
- Currently, the price trend is MORE LIKELY to FALL first towards support levels at 89,766.4 and 89,260.6 before a significant reaction from buyers. However, as long as the strong support is not broken, the potential for a bounce back to 90,472.4 and then 92,288 remains open.
- Wait for confirmation such as a strong rejection in the supply area (92,288) for short positions, or a reversal confirmation below the swing low (89,266.4/87,772.5) for long positions.
- The bias will turn into a strong bullish if the price can break out and close above 92,288 with high volume and a successful retest, opening the way to the 93,555 – 94,589 area.
- If the price breaks down below 87,772.5 with high selling pressure, the bias will turn into a continued bearish at least to 87,000.
- Main recommendation: focus on price reactions at key support and resistance areas, always wait for confirmation before entering a position.
📝 This is not investment advice, only an educational report based on technical analysis and price action. Always manage risk and ensure the entry is confirmed by price action on small timeframes.