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Bearish
$BTC Daily Chart: Approaching the NecklineāWill It Break? šØ"
Hello Binance Square community! š
Bitcoin is testing a critical level on the daily chartāa projected neckline at $90,866.4. A breakdown below this level could trigger a significant move to the downside.
š Key Levels to Watch: š» Neckline (Projection): $90,866.4āA breakdown below this level could signal the start of a correction. š» Support Targets (Correction Scenario):
$88,144.2: Initial support.
$77,567.8 and $75,156.2: Deeper correction targets.
šÆ Bearish Projection: If BTC breaks below $90,866.4, it could accelerate toward $77,567.8, marking the projected correction zone.
š Why This Matters: This neckline represents a critical tipping point for Bitcoinās price action. A breakdown could invalidate bullish momentum in the short term and bring key support levels into play.
š” Follow for Updates: This is a key moment for BTC! Follow me for real-time updates and further insights as the pattern develops.
š Chart Attached for Detailed Visual Breakdown.
Daily chartšš
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.Ā See T&Cs.
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