Bitcoin daily Important Update
Yesterday, I predicted a possible correction in BTC, highlighting major supports and bounce points. I also mentioned the potential impact of the Head and Shoulder Pattern.
Market Analysis
Bitcoin has dropped to the predicted level. We now have three possible scenarios:
1. *Further Correction*: BTC may drop to the $87,000 area, where diagonal channel support is present.
2. *Break Below $87k*: If BTC breaks below $87,000, we may see further downside movement.
3. *Break Above $95,900*: If Bitcoin successfully breaks above $95,900, it could signal the end of the correction, with potential moves past $100k and $110k.
Action Plan
1. *Accumulate in Spots*: Buy in parts to manage risk.
2. *Risk Management*: Key to successful trading.
3. *Avoid High Leverage*: Minimize potential losses.
4. *Use Stoploss*: Set stop-loss orders to limit potential losses.
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