If the closing price of Bitcoin (BTC) on that day is below 90870, then it may face substantial issues. Why is that?
Firstly, in the slightly fluctuating structure presented on the daily chart, if there is a closing situation at a descending bottom, it means entering a medium-term (10 to 30 days) downward trend.
Secondly, in the analysis I have attached, the seahorse harmonic structure may be triggered, as when the closing is below 90870, the trend of the relative strength index (RSI) in the analysis will collapse.
Unless this closing price does not occur, there is still a glimmer of hope at the 103 - 104 price level.
