#CryptoMarketWatch

๐Ÿ”น Bitcoin

๐Ÿ”น The main resistance is at 98600; above it, there will be a new peak, and below it, all scenarios are possible. This means if you want to open a short position on Bitcoin, your stop loss should be a daily close above 98600.

๐Ÿ”น There is strong support for Bitcoin, which is the convergence of the channel's bottom with the upward trend line shaded in yellow, and it is between the 80-77 thousand level. We will likely see a good rebound from there.

๐Ÿ”น All trend lines are expected bottom areas, and if the 80-77 support is broken, it will go to the next support at 71-73, where Bitcoin will have reached its last target (corrective).

๐Ÿ”น Since everyone and the majority now expect a drop to 73 thousand, Bitcoin has two options: either drop to it and break it strongly, pulling liquidity from the 66 thousand level and hitting the stop losses for the buy trades located at 73, or it won't drop to it at all and will rebound from the 80-77 support.

๐Ÿ”น If the daily close is below 66-65, the path is open (for price sliding) to 53-52, and there is no support on the way.

๐Ÿ”น This is Bitcoin's map now; follow it.

๐Ÿ”น I will buy Bitcoin with only 10% of the trade value if it drops to 66 thousand.

๐Ÿ”น I will buy Bitcoin with an additional 20% if it drops to 53-52 thousand.