$BTC rejected near 91,000 and is now consolidating in a tight range, acting as distribution. Breakdown from this range signals bearish continuation toward demand below prior lows.
Bearish Case: • Rejection below 88,800–89,000 keeps sellers in control • Targets: 86,400 → 86,000
Bullish Case (Invalidation): • Strong reclaim above 89,500 needed to negate bearish continuation
Price is sitting above a strong demand zone (0.70–0.63) and moving sideways after a downtrend. Buyers are defending this area well, but the overall trend isn’t bullish yet.
Key zone: 0.70–0.63 = make-or-break area
Bullish case: • Hold above 0.70 • Break and close above 0.875 • Targets: 0.99 → 1.14 → 1.51 → 1.84–1.95
Bearish case: • Daily close below 0.63 = bearish continuation
$JTO is compressing along a key trendline on the daily timeframe. If we get a clean upside breakout with acceptance, this sets the stage for a major bullish expansion.
➡️ Upside potential: 70–80% rally Until the break, {future}(JTOUSDT)
SKR has been in a persistent downtrend since listing, and price is now showing classic continuation behavior.
Context • Daily support at 0.021556 held briefly, but after 2 days of acceptance, it has now broken on day 3 • No impulsive sell-off yet → suggests controlled distribution, not panic • A fresh, very local level has formed just below at 0.020333
Key Observations • Record consolidation: 4 days of compression (unusual for this asset) • Buyer weakness: Failed reclaim attempt, no meaningful demand response • Bearish structure: Slow grind into support + low volatility = typical pre-breakdown behavior
Plan • This setup remains raw until confirmation • Mandatory: Wait for a 4H candle close to confirm acceptance below the level before entering
Bias • Structure and behavior favor a short continuation, pending confirmation • Patience here is key — let the market validate the move before acting
If price holds the horizontal support on the retest, I’m expecting a move back toward the descending trendline. A clean break and hold above that trendline could open the door for a 30–40% bullish continuation from there.