$BTC What’s THE NEXT MOVE???

$BTC is dancing in a narrowly range of 97k from last 24 hours. Market isn’t showing a clear direction which shows it has a big move to come. Following can be the scenario from here ownwards.

SCENARIO 1: (most likely to happen)

Nearest support lies around the 95500. If it breaks below that level it can go to 92k or below to 90k region. Buying pressure is less and bug stop losses are exiting at 92k level. So i feel like this can likely to happen in next 24-48hrs.

Possible enteries:

You can short once it breaks below the 95500 level with your stoploss above 97500.

SCENARIO 2: (less likely to happen)

Nearest resistance lies at 98800 level which is bery cruscial and hard to break for btc if it needs to start a bullish momentum towards ATH. And i feel like it’s mot going to break that resistance level before January or very soon. Still everything is possible at this level.

Possible enteries:

If it breaks the level of 98800 you can take long enteries at retest of this level with stop loss below 97k level.

There is no need to rush or FOMO. Let the market decide its direction and then take a safe entery.

Disclaimer:

Protect your capital and manage your tisk. Trade safely guys.