BTC is facing an important threshold challenge. After the rebound to the range of 76,500 - 79,000 USDT to attract liquidity, the price has strongly bounced back and is currently touching the threshold of 85,000 - where both the buyers and sellers are fiercely contesting.
But look deeper: above is a huge supply zone from 89,700 - 93,500 USDT, where a series of sell orders are waiting, ready for a final push from retail to clean out before a drop. If BTC can rise to test this area again, it would be the best gift for the short side.
And if not? If buying power continues to dwindle and there is no strong news to ignite enthusiasm, BTC could completely reverse and break the support area of 82,400, then plunge straight to the range of 79,000 - 76,500, or even deeper to hunt for liquidity at the old bottom.
Be cautious. When the market is quiet and suspiciously beautiful like this, it is precisely when the big wave is about to begin. Don't be vague, don't be slow - prepare scenarios and act when the opportunity arises!