๐๐ง๐ $๐ณ๐ฌ๐ธ ๐๐ผ๐บ๐ถ๐ป๐ด โ๏ธ ๐๐ถ๐๐ฐ๐ผ๐ถ๐ป ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐จ๐ฝ๐ฑ๐ฎ๐๐ฒ (๐๐ง๐ & ๐๐ง๐ ๐๐ป๐ฎ๐น๐๐๐ถ๐) ๐๐
$BTC has been trading within a clear range of approximately $86Kโ$95K for nearly 57 days. Recently, price moved above the range high, which many see as a continuation breakout, fueling bullish sentiment.
However, history shows that many such breakouts eventually failโprice often re-enters the range, forms a lower high, and reverses down after a brief manipulation above the high. This is very common during HTF trend shifts.
Currently, price is still above $95K, so the LTF bias remains bullish. But the HTF structure is still weak, with a bearish flag forming on the weekly chart. On the HTF, there is a high probability of price moving toward the $70Kโ$65K zone.
There is significant weekly FVG and large liquidity in the $98Kโ$105K zone, so a short-term upside push on the 4H or daily time frame cannot be ruled out.
๐ข LTF Update:
Price remains above $95K, keeping the LTF bias bullish.
๐ธ $93โ$94K is the key decision zone. Failure to hold this level could turn the current breakout into a failed move, potentially driving price quickly below $90K.
๐ธ If held, a push toward $98Kโ$103K is possible to capture HTF liquidity.
๐จ Despite any short-term relief rallies, the overall market structure remains bearish. In the bigger picture, price is more likely to move toward the $70Kโ$65K zone eventually.(DYOR)
Do you think BTC will drop toward $70K? Comment your opinion ๐
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#BTC100kNext? #MarketRebound #rayhanbros
