Wise Analyze
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Bearish
$BTC dropped to $101.5k ✅
I had identified this zone as a potential area for a bullish bounce, with the expectation that the drop would occur in February, forming a monthly buy tail.
However, the dip happened in the final hours of January, which means it doesn’t contribute to February’s candle formation. Despite this, the core idea remains unchanged—we should still expect a buy tail to form.
Moving forward, I’m now watching the next zone around $97-99k, as outlined in my review yesterday.
#btc #bitcoin
I had identified this zone as a potential area for a bullish bounce, with the expectation that the drop would occur in February, forming a monthly buy tail.
However, the dip happened in the final hours of January, which means it doesn’t contribute to February’s candle formation. Despite this, the core idea remains unchanged—we should still expect a buy tail to form.
Moving forward, I’m now watching the next zone around $97-99k, as outlined in my review yesterday.
#btc #bitcoin
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