🚨 *BTC 1D Analysis 🧠*
Hey crypto fam! Let’s dive into today’s *Bitcoin* analysis:
📉 *Daily Highs Connection Suggesting a Downtrend* 🐻
Right now, *BTC* is sitting on a *range support* at *97,800*. This is a critical point! If *Bitcoin* closes *below this support level*, we could be looking at a *range trade* between *97,500 - 96,000*. That means *BTC* could move within that range for a bit. ⬇️
🦖 *Bullish Momentum Needs Support*
To keep the *bullish trend* going, *Bitcoin* needs to stay *above the support level*. A few days of *consolidation* here could set us up for a *potential pump* 🚀 if it holds strong!
⚡ *Parallel Channel*
Both *resistance and support* levels are *liquidity zones* – meaning they’re easily touched, so keep an eye on them! 👀
*What to do?*
Monitor the *support level* closely. If we break below it, we might see some downside action. But if *BTC* stays strong above that support, we could be gearing up for a nice *consolidation before a move up*! 💥
Stay sharp, and keep watching! 👀
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