$BTC has broken the strongest support at $92,500, dominance is 62%. If we go lower, the target is $86,800 (major liquidation). The strongest support level is $85,670, located above the 200-day EMA. The main thing now is whether we will consolidate above $90,000 or below.
The mood in the market is generally bearish, fear reigns, and new levels are forming right now. The price of $90,000 is a psychological mark, a round number that shows the possibility of growth and signals whether to buy more altcoins or wait.
I am not a fan of patterns, but my crystal ball saw a double top on the $BTC chart, and today we broke its neckline. If so, the target is $85,000–$82,000, but this is not certain.
If we start trading in a flat below $90,000, we can draw a bear flag, which will also indicate a continuation of the decline.
Bullish scenario: a rebound from the range of $86,800–$85,500 with an increase in volume and impulse movements. The target is $90,000–$92,500 and above.
Not financial advice. Trade wisely and earn.