⭐️ The scenario we expected earlier has come true ⭐️
As I mentioned earlier, we witnessed a rapid move towards the 180° correction angle, where Bitcoin touched the $89,500 level, achieving the expected liquidity withdrawal. However, the price will stick to the sideways path in time as I mentioned, as it returned to trade above this angle without a real break. This proves once again the importance of accurate analysis based on time patterns and price angle.
⭐️ Forecast until January 28:
Before January 28, we expect a rapid move and a sudden drop that may push the price to the $85,500 level, in another attempt to withdraw liquidity and liquidate long contracts, however, we will not witness a complete close below the 180° angle.
👑 What will happen, God willing, is a neutral close or "candle shadows" below this angle, followed by a strong rebound that will return Bitcoin to fluctuate above the correction angle.
🔘 Why is this scenario expected?
Timelines and price angles: Bitcoin is clearly respecting the 180° angle as a major support area.
Liquidity behavior: Recent lightning moves show that the market is going through a liquidity attraction phase, which is a sign that a big move is coming.
General technical analysis: The price stability above 180° after the lightning move enhances confidence in the upcoming rebound.
❤️ Message to traders
Make sure to place your stop loss orders wisely below the $85,500 area.
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