๐จ BTC & Crypto Market Update ๐จ
After yesterday's carnage, BTC and the entire crypto market rebounded strongly. But is the dump truly over? ๐ค
๐ Current Analysis:
BTC has broken down from its rising channel but pumped off the first support level at $92K. However, this move appears to be a potential bearish retest.
๐ฅ Bullish Case:
For a bullish outlook, we need at least a 4-hour close above $99K. If this happens, we could likely turn this dump into a deviation, paving the way for a new ATH soon! ๐
โ ๏ธ Bearish Case:
If BTC gets rejected at this level, brace yourself for another possible dump down to $85K.
๐ก Whatโs the Play Now?
If you entered positions during yesterdayโs dump, donโt forget to book partial profits to secure gains. For any new entries, always set a proper stop-loss (SL) to manage risk.
๐ The bigger picture will become clearer after the weekly close, so stay cautious and trade wisely! ๐
๐ญ Whatโs Your Take?
Will BTC reclaim $99K and head for new highs, or are we due for more downside? Share your thoughts below! ๐
