$BTC ’s Further Decline – What’s Next?
We've been tracking #Bitcoin’s triangle pattern from $78K to $96K, only to see it pull back to $85K. The question now: Will BTC find stability, or are deeper dips ahead?
BTC/USDT Rejected at $95K – A Retest of Lower Levels Incoming?
Current Price: $88,017 (-3.38%)
Recent High: $92,810 (Failed to Hold)
Recent Low: $84,667
Bitcoin is facing high volatility, with buyers struggling to regain control after failing to hold key resistance levels.
Key Levels to Watch:
Resistance: $90,000 – A breakout could push BTC toward $92,000+.
Support: $85,000 – Losing this level could lead to $82,500 or even $80,000.
Trade Setup:
Long Entry: Above $89,500, targeting $91,000 and $93,000.
Short Entry: Below $86,500, aiming for $84,000 and $82,500.
Stop-Loss: $87,000 to manage downside risks.
Market Insights:
MACD: Bearish, momentum weakening.
SAR: Downtrend intact, sellers still in control.
Order Book: 94.32% buyers, but a decisive breakout is needed.
Will Bitcoin hold its ground, or is a deeper correction on the horizon? Watch these key levels closely!