#BTC Based on your daily chart and the gray area, here’s a simple explanation: the gray area is roughly 87,000–97,000, which is a key zone that has been repeatedly range-traded before.
Now the price has just rebounded from the lows to the lower end of this zone (about 86,700) and is testing it.
If it can hold steady and move into the gray area, there’s a chance to move toward 95,000–97,000 afterward.
If it spikes up here but fails to hold (a pullback), it may fall back toward around 80,000.
Right now this is a battleground between bulls and bears—let’s first see whether it can hold above 86,000 over the next few days.
Now the price has just rebounded from the lows to the lower end of this zone (about 86,700) and is testing it.
If it can hold steady and move into the gray area, there’s a chance to move toward 95,000–97,000 afterward.
If it spikes up here but fails to hold (a pullback), it may fall back toward around 80,000.
Right now this is a battleground between bulls and bears—let’s first see whether it can hold above 86,000 over the next few days.
