BITCOIN โ Testing $88K - $90K. False or true breakdown?
BTCUSDT enters the risk zone and forms a false breakdown of the key support zone. All eyes are on the bulls, whether they can keep their defense on the market or not....
On D1 - W1 price in global consolidation after strong growth. The focus is on 90-91K, a zone that is a strong support for the global trend. A false breakout is forming at the moment.
On the Local timeframe H1 - H4 the price is testing the local channel support, as well as the risk zone 89400.
If the bulls can keep the defense above 89400 - 90K, bitcoin may strengthen. The primary target in this case could be 94K
Support levels: 91280, 89400
Resistance levels: 94800, 99200
$BTC
Statistically, the strongest dvjeniyas are formed after a false breakdown. But there is another question here, what kind of breakout will be - true or false.
In our case, we need to wait for confirmation, namely, for the price to consolidate above the key zones and levels. Emphasis on 89400, 90000, 91300
Trade at your own Risk ๐
Best Regards, Trade Cryptocurrency
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