๐ข $BTC Future Market Outlook โ Preparing for the Next Major Move
Bitcoin is currently hovering around $86.4K, still trading below the crucial $88K support zone โ which means the 95โ99K bullish extension is temporarily off the table.
The late-November push to $91โ92K now looks like nothing more than a short-term relief bounce, not a trend reversal.
With BTC failing to reclaim the $88K level, the chart opens the door to lower support targets:
๐ $77K
๐ Potentially down to $72K โ the key accumulation zone (green box)
๐ผ Strategy Update
No new spot entries for now โ Iโm waiting for $72K for a better risk/reward setup.
My short from ~$118K remains open, and Iโll be watching price action closely before covering.
โ ๏ธ Bottom Line: Market structure remains fragile. Unless BTC reclaims and holds above $88โ90K, the market may still revisit lower supports before any meaningful recovery.
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๐ข $BTC Future Market Outlook โ Preparing for the Next Major Move
Bitcoin is currently hovering around $86.4K, still trading below the crucial $88K support zone โ which means the 95โ99K bullish extension is temporarily off the table.
The late-November push to $91โ92K now looks like nothing more than a short-term relief bounce, not a trend reversal.
With BTC failing to reclaim the $88K level, the chart opens the door to lower support targets:
๐ $77K
๐ Potentially down to $72K โ the key accumulation zone (green box)
๐ผ Strategy Update
No new spot entries for now โ Iโm waiting for $72K for a better risk/reward setup.
My short from ~$118K remains open, and Iโll be watching price action closely before covering.
โ ๏ธ Bottom Line:
Market structure remains fragile. Unless BTC reclaims and holds above $88โ90K, the market may still revisit lower supports before any meaningful recovery.