The market continues to probe lower, the 85,000 level is being tested again, and breaking below is just a matter of time.
Emphasizing two points, the market is focused on Thursday's CPI data; if the CPI data is favorable, wouldn't that mean a compounded benefit? That would directly lead to a break below the 85,000 level.
If it's positive, Bitcoin won't rebound much either; on the contrary, it provides short-selling opportunities, especially since it hasn't stabilized above 90,000, I'm bold enough to bet on the downside.
Why? If Japan's interest rate hike materializes on Friday, there will definitely be another wave of deep probing.
Above 90,000, one can reduce holdings and continue to hold...
For swing trading: the 84,500-85,000 area is a buy zone, the momentum is synchronized, looking up at a range of 800-1800 iodine space. $BTC

