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$BTC locally reached 83k and slightly above. Let's see if it gets tested as support now. If it successfully tests and holds, a new leg to 93 could follow.
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$BTC
In case it fails to hold the 80,500 area, a correction could happen, with a potential dip range in the 200-day to 200-week area. ✔️
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If somehow they boost it up and drive through 80, could see local new high of the leg 🦵
83 or so🚀
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$BTC locally
Range support still works somehow here, so it could give a leg up until proven otherwise ✔️
CVD remains negative, so do not expect much from this move; 80 is a persistent resistance cluster to watch ✔️
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$BTC локально
В конце концов, они не сдаются в этом сейчас ✔️
CVD остаётся отрицательным, поэтому не ждите многого от этого движения, 80 — это устойчивый кластер сопротивления, за которым стоит следить ✔️
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$BTC locally
S/R flip could be happening here, time to pay attention 🚨
*Corrections during bear markets hits hard 😉
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+1
$BTC locally
Cumulative volume deltas keep negative across the board ✔️
Correction is the most likely outcome from today’s angle 📐
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+1
$BTC 💭
The larger-scale LH series still stands as of now ✔️
Higher TF bearish divergences continue to accumulate here ✔️
Potential scenarios:
- They reclaim the 80s sustainably and move up to the 90s.
- Rejection from the 80s could trigger a retraction to the 200DMA area (69k), and if it bounces from there, it could trigger a leg up to the 90s. ✔️
*This type of mechanic already took place in March 2023.*
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$BTC locally
A falling wedge has formed here, a statistically bullish pattern. ✔️
While above 75500, the uptrend is technically intact.
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$BTC range still ranging ✔️
Reclaiming 78300 for upside continuation
Breaking below 75500 for correction ✔️
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$BTC locally
In case this trend line gets rejected, a correction scenario will be highly likely to play out ✔️
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$BTC update
Correction is also one of the options here. In case it drops below 75,500 (range lows), the 69,000s area is likely to happen. In case it holds, there will be a chance for the 92,000-93,000 area ✔️
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$BTC update
Looks like they are not giving up on this leg up yet.
If we hold the current range here, it is likely to continue into the 90s ✔️
Everything could change as always, but for now we have a chance ✔️
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+1
$BTC locally previously mentioned targets reached ✔️
It could go somewhere higher, but it is highly likely that this is the final stage of the current leg 🦵 up ✔️
In my opinion, new market lows will come 🔜
