๐ $BTC โ Whatโs Next? More Bleeding or a Reversal? ๐
$BTC has been super choppy lately, and market panic from a potential bear run is leaving altcoins in serious pain. But remember โ dips are opportunities to buy, not sell.
๐น My Bullish Scenario:
Iโm watching the $111,920 zone closely. A sweep of this low could trigger a wave of shorting and panic selling, which then sets up the perfect reversal move to the upside. If that happens, Iโll be looking for strong entry points in altcoins. ๐
๐น My Bearish Scenario:
We don't wanna closing a daily candle below $111,920. If BTC does close below this level, the next stop could be around $108K. Also, BTC has already closed below the daily 50 EMA, which isnโt a great sign. Until the structure flips bullish, Iโll treat any trades as short-term only. โ ๏ธ
๐ What do you guys think? Are we about to see another flush lower or is the reversal play on the table?
