Good Night Everyone,
Today, there has been no significant change in the market momentum on the 15-minute chart. BTC continues to hold a bearish momentum. A shift in market direction might occur in the next 3–6 hours. If the momentum doesn’t change within this timeframe, BTC is likely to drop further, potentially trading below 92K.
I will be offline for the next 9 hours as I rest. During this time, you will need to trade independently, as I won’t be available to guide you.
Key Levels to Watch for Momentum Change
15-Minute Chart:
BTC needs to trade above 96,700 to indicate a potential momentum shift.
If BTC trades above 96,000, it’s crucial to analyze the market carefully to determine if BTC is entering bullish momentum or if it might reject bullish attempts and decline further.
1-Hour Chart:
BTC needs to trade above 98,000 for a possible momentum shift.
Even at this level, careful analysis is required to confirm whether BTC is truly shifting momentum or rejecting bullish attempts.
Conclusion
If BTC fails to meet these key levels, it will likely maintain its bearish momentum. Stay vigilant and make informed trading decisions during this period.
Good night, and I’ll be back online in 9 hours.