💵 $BTC update view on April 17

$BTC is currently moving sideways around the 84k range, but the trend is leaning towards a decrease instead of a strong recovery back to the 86–88k range as expected. The recent short-term rebound was just a slight retest after the drop from the peak of $86,496.

The scenario I expect is still a correction towards the two old target areas: $82,200 and deeper at $81,200 — where I have already set up limit Long for the short-term rebound. Everyone can refer to this, as this area coincides with the key support of the H4 timeframe.

🔥 Lower expected range: $81,200 (it could go close to $79,200–79,500 if there is a strong drop).

🔥 Upper maximum range: $86,500, but currently BTC is still being held below the 84,500–85,000 range, with no strong breakout signs.

=> The weekly D timeframe this week seems not strong enough to break $86,500, so don’t rush to all in for a Buy breakout order.🚨

Additionally:

• DOM is stabilizing around 64%

• BTC is still recording negative cash flow — market sentiment continues to lean more towards defense than attack.

• Volume is gradually decreasing, demand strength is unclear => it's very easy to have a strong drop testing the key support again.

😎 Let's take advantage of the current “light reign” period of the market, because who knows if in a few days it might drop below 80k without enough time to get back on shore :))

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