Logical technical analysis, this is what all the indicators suggest, especially with the announcements and important economic data for this week.
Crypto_Jobs
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$BTC - update:
Prices remain stuck below the 95,500$ resistance. It's also holding nicely above the 94,200$ support zone.
🎯Attached find an H4 possible view📉
Hard to say if it will continue to move inside this channel or retest the lower 92,000 - 92,500$ key support at the moment!
⚠️As long as prices hold above 93,500 and inside the channel; chances to see another pump remain high, BUT; We may see some fake pump to grab liquidities at higher resistances! , [97,500 - 98,000]
It looks like a bearish structure is forming! I think that a bearish correction move will be see after the last pump here. Maybe at the end of week or next week!
Monitor the 97,500 - 98,000$ area in case of pump, because this could be the next top before a stronger bearish correction!
📈In my opinion for long positions, the best entry point is around 88,000$ in case of retest. I remain very bullish above 92,000 - 90,000 and 88,000$.
What do you think?
#bitcoin #btc #Bitcoin❗
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