ASSESSMENT #BTC ON 27/3: 76k or 92k

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The market still leans towards the possibility of a correction to the price range of 76-78 as BTC has not broken the downward trend.

After several consecutive days of increase, BTC is currently fluctuating around the level of 86600.

On the H4 frame, BTC is currently creating an upward channel, however, it is facing resistance at the confluence area between the downward trendline and +++, after touching the trendline, BTC did not decrease immediately but showed signs of sideways movement.

On the M15 and H1 frames, BTC is moving sideways in the box 86–884 and there is no clear next trend.

SCENARIO 1: Price breaks through strongly in the range of 86–864, then falls straight to the area of 835 with almost no significant retracement.

SCENARIO 2: Price tests the area above 86, then bounces back up to sweep the liquidity above (886–891). Right after sweeping, the price may close a BEARISH CANDLE inside the box 86–884 and then quickly go down to the lower area.

Personally, I lean more towards SCENARIO 1.

The main adjustment target is still around 76–78, the monthly candle closes red below the level of 83.