Best wishes to everyone ❤️
Current price: $111,111. Approximately 🚨 means we're playing at a tough price
Look guys, Bitcoin after climbing peaks of $124,474, it dropped a bit and is now trying to resist at $108,666. The current movement is signaling that the overall momentum is leaning towards calm or unfortunately "negative". What we're seeing is likely not the end of the story, it might just be a "break" before it decides to continue dropping, it's like the market is saying "Wait, let me breathe before you decide". ⚠️
The numbers that determine the market path.. we need to know them 👇
Support areas, the first line of defense is $108,600. If it breaks, we go to $106,000. If these also break, forget it, the way is open to $100,000 🚫 watch out for that.
Resistance areas, the critical zone is between $114,700 and $116,600. Breaking this range changes the game. ✋
Bullish reversal signal, if we want to see Bitcoin return strongly, it needs a daily close above $116,600. And importantly, breaking the $122,000–$124,000 area with large buying volumes. Then we would be laughing again 😄✅
What are the probabilities?:
The expected scenario (unfortunately) is that we will likely see a slight rebound, and then it will continue to drop to lower levels. It seems to be gathering its strength for the next drop. 📉
If it can break the resistances we've talked about (especially above $116,600) and hold, with strong buying volumes, then we can talk about a strong rise to reach the $122k–$124k areas. That would be good news. 🚀
The essence of the matter:
In the short and medium term, the overall trend is still downward. Any rise happening now, let's treat it as a "correction", until we see clear and strong signals confirming the bullish reversal.
Stay focused, and keep up with the market. Good luck to everyone 💸
The analysis was previously posted in our Facebook group 💯💯
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