Urgent update urgent urgent urgent🛑🛑🛑
Good afternoon, as we see, Bitcoin achieved what I mentioned and reached the area of 95,500 and a bit more, but the return to the area of 93,750 was expected at first. There is no new news today, but the US markets are open today, which could increase some market announcements. With that, I don't even know if MicroStrategy has announced the purchase of Bitcoin, but if they have, it could be related to this drop. However, as I see it, the resistance at 96,000 remains very strong. I also currently see that a daily Bitcoin candle, if it closes in green in the shape of a hammer, we could see a new lateral increase aiming at the areas of 96,000 and 97,000, reaching up to the area of 100,000 and at least, 99,000 and 98,000. But how can we know? When broken, it confirms that the lateral trend is dangerous. This means a breakout after a correction. We need a weekly close above 96,000, at least in the area of 97,500. However, warning from the relative strength index: the negative index is approaching. It is likely that the basic relative strength index will fail and a negative breakout will occur. If the negative index rises above, we could see a sharp drop. As for Bitcoin, as we mentioned, towards the areas of 90,000 or 92,000, and in the case of a slide in the markets due to news, it could be possible to return to 88,900 and 87,500. Important warning: breaking the areas of 92,600 and 91,500 is negative, followed by a lateral slide.