#MarketPullback
📝 Ready-made post template: Technical analysis of Bitcoin with smart recommendation
📈 Technical analysis for BTC/USDT — Are we facing a buying opportunity?
Bitcoin has witnessed a decline in recent weeks from the peak of $111,980 to currently $99,386, approaching a strong psychological and technical support level.
🔍 Highlights on the chart:
✅ Previous peak at $111,980 (distribution area).
⚠️ Clear break of the $105,609 level indicating selling pressure.
📉 The price is currently testing the area between $99,000 and $98,500, which is a potential short-term support area.
🧮 Current average purchase price = $108,782.59
📊 Upcoming scenario (based on technical analysis):
If $98,500 is broken, we expect the decline to extend towards $89,000 (previous strong support).
If there is a consolidation, we might see a rebound to $103,000 or higher.
📌 Recommendation:
💡 Monitor the current area to enter a short-term buying trade provided a confirmation candle appears (like a bullish reversal candle or an engulfing pattern).
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📢 Share your opinion:
Do you expect a rebound for Bitcoin or a continuation of the decline towards $89,000? 👇
Let us know your thoughts in the comments! 💬
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