🔴I notice that the market is experiencing a strong state of anticipation with fluctuating price movements, but with clear signs of a potential direction.📈📉
🍀Bitcoin is currently trading near important support levels, and these levels have proven their strength in resisting any sharp declines over the past hours. In my opinion, this signals that buyers are still holding their positions, and they may be preparing to push the price towards new resistances.
From a fundamental perspective, market sentiment is influenced by anticipation of important U.S. economic data, which leads me to outline two main scenarios:
1. Positive Scenario: If Bitcoin manages to break the nearby resistance firmly, we will see a wave of upward movement that may quickly push it to test higher levels.
2. Negative Scenario: Breaking through strong support levels may open the door for a deeper correction before any rebound attempt.
🌟Summary of my view today:
The market is very sensitive to news, but technical analysis gives me the impression that the general trend still leans towards positivity as long as we don’t break the main supports.
Personally, I will closely monitor the moment of breakthrough or break, as it will determine my next opportunity.
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