Very important, this is a new leaked analysis at this moment, based on the current price action on the 4-hour timeframe, here is a summary of the analysis:
1. Where do we stand now?
Currently trading at around $91,961. Despite the strong rebound we've seen from the low of $82,500, we must be realistic; the overall trend still leans towards decline. What is happening now is just a "bullish correction" or an attempt by the market to catch its breath and form a new bottom.
2. "Bone Break" areas (support and resistance):
The current battle is confined to precisely defined levels:
The upward obstacle (resistance): The key to positivity starts by breaking the 95,000 dollar level; exceeding it means that recovery is ongoing. However, the real and more challenging test lies at the psychological barrier of 100,000 dollars.
Defense line (support): As long as the price is above 87,500 dollars, the hope for an upward move remains. The forbidden area is 82,500 dollars; breaking it means canceling the idea of recovery and returning to strong declines.
3. Expected scenarios (Where are we heading?):
The positive scenario (Return of the spirit):
If we can maintain support at 87,500 and succeed in breaking 95,000 with strong trading volume, we will target the following stations in order: 100,000, then 105,000, with the strongest target at 110,000 dollars.
The negative scenario (Continuation of the bleeding): Excluded!
If the price fails to hold and we break the critical bottom at 82,500 dollars with a clear close, we will see Bitcoin heading towards 80,000 and possibly deeper to 77,500 dollars.
Advice for the smart trader:
The price is now in a "zone of confusion" between 87,500 and 95,000. The professional advice is not to rush; wait for the price to exit this area for clarity. Remember that breaking 100,000 is the sure sign of a trend change, while breaking 82,500 confirms the continuation of the downtrend.
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