Good afternoon dear Binance Fam hope you're all doing well💞❗In my previous analysis, I warned about #Bitcoin ’s potential decline, and it has now dropped from $93,000 to $87,000, exactly as anticipated. While $BTC has the potential to surge to $100K, $150K, or even $200K, it may first undergo a significant correction, potentially dipping toward $40K or $50K before resuming its upward trajectory. $BTC /USDT – Consolidating After a Major Drop, What’s Next?
#Bitcoin is trading at $83,672, down 9.00%, after hitting a 24h low of $82,464.84. The price has stabilized but remains under pressure.
Key Levels to Watch
Resistance: $85,000 – A breakout could push BTC toward $87,500 and $90,000
Support: $82,500 – A breakdown may lead to further downside toward $80,000 and $78,500
Market Insights
Parabolic SAR: Slight downtrend, indicating bearish control
MACD: Shows weak momentum, but signs of potential reversal
Volume: Still high, but no clear dominance from bulls or bears
Trade Setup
Long Entry: Above $85,000, targeting $87,500 and $90,000
Short Entry: Below $82,500, targeting $80,000 and $78,500
Stop Loss: $83,000 for risk management
BTC is stabilizing after heavy selling, and the next move will determine its short-term trend.
