#BTC - Update: 🟥
The current price is following my scenario nicely 📉
H4 trend remains pretty bearish, and as expected, previous support has been broken, resulting in a sharp dump!
Following my lines, I expect to see a bull reaction soon at the 81,000(SSB) or 79,000 level here! + (Hidden support on weekly trend).
🟩 Keep in mind that the main trend & momentum remain bullish on a monthly basis. If bulls show up with a solid reaction, this could trigger another low before we see a run toward ATH. 📈
🟥 In case of a weekly candle close & breakout under the 79,000 mark, that could be the start of a medium-term / long-term bear market for #BTC , and price could fall toward the 50k mentioned earlier! 📉
🎯Lower levels to watch:
79,000− 71,000 - 64,000− 59,000 - 58,000− 52,000 - $ 50,000
At the moment, volatility & fear are extreme in the market.
I recommend you stay focused on key levels & avoid chasing
falling knives.
Not a financial advice. #DYOR
Stay strong! 🐸
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