⭐️⭐️⭐️BTC ANALYSIS 10/3: BTC PREPARING TO RETURN TO 90,000

Current price:

BTC: 82480

TOTAL 3: 770B

BTC.D: 61.71%

BTC is in a strong downtrend, having just broken the support level of 83000, currently testing the 82000 area again.

Looking at the overall view, I see this. BTC is currently forming a reversal candle pattern around 80000-81000, nearing the last bottom before a bullish reversal.

The support zone coincides with the bottom of the reversal candle pattern, so it is very likely that a buy order will appear here to push the price back to the 90000 area. Everyone should pay attention to the price at 78500 (in about 2-5 days), if reversal candle clusters + high buying volume appear here, then the price will follow the scenario below. (Everyone can check the image for detailed price movements, too lazy to write too much).

However, everyone should note:

This is just a rebound wave in the larger downtrend. There is still no confirmation of entering altcoin season.

TOTAL3 is currently still in a downtrend, the best support level for recovery is 750B.

BTC.D is still in an uptrend, the next levels will be 64% and 70% before the next correction phase. So the possibility of this rebound wave is that altcoins will not be pumped much (on average about 15-20% only), safe friends should hold top coins if they want to trade. I will write a post about the investment portfolio to pay attention to.

So the likelihood of this rebound wave will cause altcoins to bleed more than to increase, wait for the reaction at the 98000 level to make a conclusion on whether to buy or not is not too late, if it cannot hold the 98000 area then soon we will see BTC return to the 7s.