Bitcoin Between a Rock and a Hard Place... Incoming Liquidity and a Drop Lurking!
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Bitcoin is now at a crossroads...
Current Price: $84,744.21
Percentage Change: -0.26%
Quick Analysis (4-Hour Interval):
There is suspicious incoming liquidity… but where is it going? Accumulation or distribution?
RSI at 39.66 = Clear selling pressure.
MACD is still negative = Ongoing risk.
The downward trend line is still active and resistance at 86,495 is not easy.
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Main Supports (Last Line of Defense):
1. 83,764 = Immediate Support
2. 81,487 = Strong Testing Area
3. 78,330 = Breaking this means the beginning of a sharp decline
4. 74,595 = The line that if broken… we will see blood in the market!
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Bearish Scenario:
Breaking 83,764 = Gradual decline to levels of 81K then 78K
Breaking 78,330 = Terrifying exit from the market and whales will gather from below!
Rescue Scenario:
Strong rebound from 83,764 with clear liquidity and entry = Opportunity to rise to 86,495
Breaking 86,495 = Opening the door towards 87K+
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Chart Sharks' Word:
"Anyone entering the market now… must know they are entering with the whales, not against them.
Watch the supports, monitor the liquidity, and be ready for every scenario!