$BTC : Two Scenarios After Rounded Bottom Breakout! Sharp Decline Possible! A Detailed Breakdown! 🚨
$BTC is at $84,860 ,showing a bullish rounded bottom breakout, but caution is warranted. Scenario 1: 👇
Continued bullish momentum, targeting $86,310, $87,690, and $88,540.
Scenario 2: 👇
A sharp decline, potentially wiping out today's gains, retesting support at $83,585 and $82,294. Given recent market volatility, Scenario 2 is a significant risk. This sharp decline could erase the gains made today and potentially lead to further losses, as we've witnessed in recent weeks. The moderate trading volume of 19,762 BTC and 1.65B USDT adds uncertainty.
Traders should monitor the $BTC volume and price action closely to determine which scenario plays out.
A decisive break below the immediate support levels would confirm Scenario 2.