📊 Daily Chart (D1):

  • Yesterday, BTC experienced a wild dip from $98K to $92K, only to bounce back and close near $97K with a green wick. The price action was chaotic, but most of yesterday’s predictions turned out to be quite accurate.

  • Morning Observations: The current pin bar candle on the daily chart raises some red flags. Thin-bodied candles in a downward trend are prone to reversal.

    • If BTC holds above $97K, it could push higher toward $98K-$99K.

    • Otherwise, this could just be a temporary retracement back to a key resistance level.

  • The daily candle today is looking promising. A move back to $99K seems imminent, with a chance to test $100K soon.

⏱ 4-Hour Chart (H4):

  • The current 4-hour candle will close by the end of tomorrow. To maintain upward momentum, the H4 candle needs to close with a strong green wick and a thicker body (ideally above $102K).

  • Watch closely to see if this H4 candle can sustain the momentum.

📅 Weekly Chart (W):

  • The weekly chart is currently looking bearish. For BTC to recover, it needs to close this week above $104K—a significant gap from the current price.

  • Let’s wait and see how the weekly candle finishes before drawing further conclusions.

💡 Key Takeaways:

  1. Short-Term Target: BTC is heading toward $99K and could potentially test $100K today.

  2. Support at $92K: The $92K level could mark the bottom of a "mild correction" before BTC resumes its upward trend and creates a new peak on the daily chart.

    • However, this scenario is less likely.

  3. Deeper Bottom Unlikely: If $92K is not the bottom, BTC could form a much lower low. But given the current global landscape, a drop to $80K or lower seems highly improbable due to:

    • BTC’s scarcity.

    • Ongoing policies to establish Bitcoin investment funds, which should prevent such extreme price declines.


Conclusion: BTC is currently looking strong in the short term, with a realistic path toward $99K-$100K. However, broader trends need confirmation from upcoming daily and weekly candle closures. Stay vigilant, and let’s see how BTC unfolds in the coming days! 🚀

$BTC $BNB
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