Good evening everyone ...

📈 The current situation for Bitcoin, if it remains above the white trend, the price is heading for a new peak, and this is the scenario closest to the market.

📉 However, if the buying power for Bitcoin weakens, you will see the following scenario:

The price of Bitcoin is currently trading around 107,200$ after a strong rebound near the blue line.

🔻 In the event of a breakout failure and continued decline:

1️⃣ First support:

At the blue line shown, which represents a dynamic ascending support.

It coincides with a sensitive price area around 95,700$ , which is a smart entry area if the decline continues.

First liquidity pool = potential strong support + high probability of a rebound.

2️⃣ Second support:

If the blue line breaks, the decline will be deeper towards 90,500$ - 92,000$

The second liquidity pool is a historical demand area and liquidity accumulation.

We might see candles with long wicks reflecting buying pressure if the price reaches there.

Good luck to everyone.

#Bitcoin | $BTC