$BTC 📉 Continuation of the Drop.
The main threat is a break below the recent low of 90,600. If the price breaks that zone with sustained volume, we could see a rapid acceleration downward. The next significant support zone that would attract sellers' attention would be in a lower range, possibly around 88,000 or even extending down to 86,000, looking to fill the gap left by the market liquidity. A drop with conviction beyond that lower range would confirm that the bearish pressure is very strong and the market would be in a deep correction phase.
📈 Bullish Breakout Scenario (Bounce and Reversal)
For us to see a true reversal signal or at least a significant bounce, the price needs to strongly regain the levels it lost. The first important breakout target to the upside would be the area of 91,700, which seems to coincide with a key moving average and would act as immediate resistance.
If it manages to surpass and consolidate above 91,700, the next level to watch would be the area of 93,250, which was the high of the last 24 hours. A decisive break of that recent high would give confidence to buyers, suggesting that the correction has ended for now.
This could initiate a broader recovery move, aiming to reclaim the previously broken support around 104,000, which would now act as massive resistance.
The price is at a critical decision moment. The break of 90,600 opens the door to further declines, while surpassing 93,250 could indicate that the bottom of this correction has been found and recovery is underway.
It's time to keep buying 😅! Always do your own research.
