💥Bitcoin needs to go well beyond $86,300 USD to restore short-term optimism regarding its price.

This is because it’s a key region known as the Alpha Price, where these levels have historically acted as both support and resistance.
It’s possible that Bitcoin may break slightly above and then fall back down — a potential bull trap.The lower support levels are at $73,900 and $64,700, and if Bitcoin weakens again, these regions are likely to be revisited in the future.In other words, we believe the best course of action right now is to wait, due to the current uncertainty and strong resistance near $86K.
Patience is the key to successful trades.

Alphractal