The view I shared the 05/01 is probably going to play well! The current price turned clearly bearish & showing breakout signals ⚠️
The short term price may range between the 92,000 - 95,800$ zone. I don't think it's safe to short on support zone yet.
Again, I think that BTC price will continue to correct downard toward at least the 87,500$ area next (SSB) daily! [HTF = Bull]
🔴300M long positions liquidation recently!
🔴Green light for US government liquidation of 69,000 Silk Road #BTC ! An official has reportedly confirmed to DB News that the US government has obtained approval to liquidate 69,000 $BTC, worth $6.5 billion, seized in the Silk Road case. ⚠️
🔴BlackRock is accumulating #bitcoin price below 100,000$. They also manipulated it!
"There is no guarantee that bitcoin's 21 million supply cap will not be changed"
Could they Hard Fork Bitcoin?
🔴Bearish reversal signs & correction area (HTF)
🟢Level by level: 20 - 30% correction is a normal way in bull market cycle before to see a new run!
▶️What's my strategy for the coming day's?
-Key support zone: 92,000$
-Key resistance to be break by the bulls again: 99,500 - 100,000$
-Upper resistance zone: 95,500 - 96,000$
🟡Avoid shorting current suport zone, you know the volatility!
🟡I'll try to short higher at resistances in case of bullish reaction.
🎯 In case of H4 candle close below 91,500$ ; I'll open short position to target the 88,000$ area!
🎯 HTF view (W/M) remain bullish, so;
I'll wait for key support shared to be tested to open sniper long entries! 📈
Focus on: 92,000 - 87,500 - 83,000 - 78,000$
⚠️If you trade inside the range zone, reduce your risk and targets.
💡For more S/R levels, Review my 05/01 Bitcoin price analysis!
See you soon for more!
