🚹 BTC & Crypto Market Update 🚹


After yesterday's carnage, BTC and the entire crypto market rebounded strongly. But is the dump truly over? đŸ€”


🔍 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.


đŸ”„ 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! 🚀


⚠ Bearish Case:

If BTC gets rejected at this level, brace yourself for another possible dump down to $85K.


💡 What’s the Play Now?

If you entered positions during yesterday’s dump, don’t forget to book partial profits to secure gains. For any new entries, always set a proper stop-loss (SL) to manage risk.

📅 The bigger picture will become clearer after the weekly close, so stay cautious and trade wisely! 🚀


💭 What’s Your Take?

Will BTC reclaim $99K and head for new highs, or are we due for more downside? Share your thoughts below! 👇

$BTC