$BTC First resistance at $87k has been reached! ✅ HTFs are showing a bearish div on the RSI, but LTFs still look like it needs ONE more high... the chart shows how I think its going to develop.
I'm watching for the backtest at ~$83.5k... if it holds this level as support, I think after that is when BTC could get ANOTHER push towards the $89k resistance... it WILL print bearish and could mark the top of this macro B-wave. ~83.5k is our major level of importance!
Be VERY careful in the crypto market right now... BTC is close! MINIMUM retrace targets after this top is confirmed is ~$70k with a NEW LOW still valid and likely. I'll keep you updated as it develops.
$BTC
I'm watching for the backtest at ~$83.5k... if it holds this level as support, I think after that is when BTC could get ANOTHER push towards the $89k resistance... it WILL print bearish and could mark the top of this macro B-wave. ~83.5k is our major level of importance!
Be VERY careful in the crypto market right now... BTC is close! MINIMUM retrace targets after this top is confirmed is ~$70k with a NEW LOW still valid and likely. I'll keep you updated as it develops.
$BTC
