$BTC 1D View.
Since Two Months Price Is Moving In This Beforehand Marked Range Of 85k - 105k.
Touching The Both Sides Is Mandatory.
Follow This Area.It seems like you're analyzing bitcoin's price action on the 1-day timeframe. Based on your observation:
Range-Bound Movement: The price has been moving within the 85k - 105k range for the past two months, indicating strong consolidation.
Key Levels: Both the upper and lower bounds of the range are significant, acting as resistance (105k) and support (85k).
Touching Both Sides: This could suggest that Bitcoin is respecting the range and has tested both levels multiple times, confirming the strength of these areas.
Possible Scenarios:
1. Range Continuation: The price may continue oscillating between 85k and 105k unless a breakout occurs.
2. Breakout/Breakdown:
A breakout above 105k could signal bullish continuation.
A breakdown below 85k may result in a bearish move.
Strategy:
Range Trading: Buying near support (85k) and selling near resistance (105k).
Breakout Watch: Monitor volume and momentum near the edges for potential breakout confirmation.$BTC