🚨 $BTC Is at a Critical Level Right Now
Bitcoin is still trading inside a descending channel, with 3 major economic reports due today.
Two scenarios are on the table:
🟢 Bullish: If support holds and BTC breaks out of the channel, $86K could be the next target.
🔴 Bearish: If support fails, we could see a deeper drop toward $67K.
Personally, I see a higher probability of another move down, especially with a price gap sitting below support.
That said, positive economic news could change the picture.
I'm staying patient and waiting for BTC to pick a clear direction before entering a trade.
Bitcoin is still trading inside a descending channel, with 3 major economic reports due today.
Two scenarios are on the table:
🟢 Bullish: If support holds and BTC breaks out of the channel, $86K could be the next target.
🔴 Bearish: If support fails, we could see a deeper drop toward $67K.
Personally, I see a higher probability of another move down, especially with a price gap sitting below support.
That said, positive economic news could change the picture.
I'm staying patient and waiting for BTC to pick a clear direction before entering a trade.