$BTC - update:
Short term view: đ
H4 support at 87,000 - 86,900$ touched
Main trend remain bullish
Bullish consolidation LTF --> We may see another pump to retest the 90,000$ area đ
Medium term view: â ïž
Bullish, but overbuy area!
Main uptrend has also been broken (see the yesterday analysis)
A deeper correction toward 84,000$ zone is not to be excluded!
đMonitor the downtrend on the H1 view!
-A 3rd test & rejection could lead to another low toward the 85,000 support zone! đ
-A breakout above could lead to a pump toward the ATH resistance again or even the 96,000$ area đ
As long as prices remain stuck below 92,000$, I would remain cautious with long position. It could consolidate for more time!â ïž
Above the 80,000$ zone, I remain bullish for the long term & each dips should continue to be buy by big playersđ
During that time, I think it's safer to trade #altcoins with clear breakout signals!
