#bitcoin $BTC
It remains bullish on the weekly and monthly charts, but the current price action appears weak
We should consider a bearish scenario. I expect the price to fluctuate within or below the orange zone. During this period, staying out of trades could be a wise choice
If the price sweeps the previous low, it’s likely to rebound toward the All-Time High, primarily to liquidate short positions, before dropping sharply again
As for the bullish scenario, a bounce from the orange zone is possible. However, given the rapid downward movement, this outcome seems less likely to play out as anticipated
DYOR
It remains bullish on the weekly and monthly charts, but the current price action appears weak
We should consider a bearish scenario. I expect the price to fluctuate within or below the orange zone. During this period, staying out of trades could be a wise choice
If the price sweeps the previous low, it’s likely to rebound toward the All-Time High, primarily to liquidate short positions, before dropping sharply again
As for the bullish scenario, a bounce from the orange zone is possible. However, given the rapid downward movement, this outcome seems less likely to play out as anticipated
DYOR
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BTC
99,341.34
+0.95%
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