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$BTC Judging by the dominant bearish signals in the indicator and the breakdown of support, the price is likely to continue falling towards 89,500. If broken through, it will continue to the 87,700s.
- The best-case scenario is to wait for a pullback to the resistance area (91,500–91,600) and confirmation of rejection for shorts, or wait for a strong price action reversal at support at 89,500 or 87,700 for a potential long scalp.
- The bias will shift to bullish if the price is able to reclaim and maintain above 92,200–92,300 with high volume and continuation structure (higher high on H1).
$BTC #CryptoMarketRebound