#BTCvsMarkets Good day, crypto traders! Since yesterday, there hasn't been a clear change in BTCUSD movement, but a correction has been observed. Looking ahead to this week, considering the possibility of price closing the week sideways or attempting another test towards the liquid resistance zone around 94579.61. The scenario is as follows: on the 4-hour timeframe, analyzing levels, an untested support level around 88714.00 has been identified. If the price manages to sustain below it, bears are likely to dominate the following week. However, my assumption is to consider buying on higher time frames, as volumes in these areas are significantly higher. Additionally, upcoming news may impact price dynamics. In terms of technical indicators, RSI indicates overbought conditions, signaling a potential trend reversal. On the other hand, AO shows divergence, confirming a sell signal.
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