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$BTC Technical Analysis Alhamdulillah â¤ď¸, As analyzed yesterday #BTCâď¸ rejected from $97,575 and exactly bounced from $93,500 zone. Right now it is looking like that #Bitcoinâ will reject from $95,301 zone till $92,057. Here is the reason why? Look at the last leg down from $$97,575 to $93,500; range upward liquidity sweep and then dump. Also retraced till 0.5 ratio of Fib retracement tool. Same thing happened this time range with low volume that created liquidity on both sides. so most probability is that #bitcoin sweep upside liquidity with upthrust and drop till $92,057. Drop length calculated via last length drop from range till low of ultra high volume. We will try to buy if it go UpTo 91K without showing any support at $92K. That will show pattern change so most probability trend reversal . It is my personal opinion do your own research before investing . Don't forget to like post and follow for more updates . #MU_Traders
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Alhamdulillah â¤ď¸ , Bounced exactly from there and rejected from 0.5 digit of FIB retracement tool. Most probability now $BTC take next support from $93,500 zone. Here is reason why? Analysis previous leg down of #BTCâ in 1H TF from 99,950 to 95,000 range then upthrust. Same thing happening now a range liquidity grabbed from $97,500 area. Also same 0.5 fub retracement tool is applying, same pattern is forming so we can expect same length of dip right now that is expected till $93,500. That is what I am expecting let's see what happens next. In short words we are expecting a dip till $93,500 area atleast if there will be no support then $91K will be next stop for #Bitcoinâ price. Don't forget to like post and follow for more updates .
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Alhamdulillah â¤ď¸, As analyzed in the morning $BTC price dropped from $98,300 to the $96K zone. Also mentioned support region is working perfectly and price is holding it. But we think price action is still week and this support will be break and price will drop to $91K zone. We will wait for more dip to buy in spot . It is my personal opinion , do your own research before investing . Follow for more. #MU_Traders
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$BTC Technical Analysis
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