Looking at the current BTC chart, the $84K–$90K supply zone is an important resistance area to watch.
🔴 If BTC fails to break through this supply zone and gets rejected, I think we could see a deeper correction, with $38K as a possible major downside target in the bearish scenario.
🟢 But if BTC breaks above this supply zone with strong confirmation, the current bearish structure could be invalidated, and we may start looking for a new bullish trend / potential bull run.
⚠️ This is only my personal TA and not a guaranteed prediction. I’ll be watching the breakout or rejection confirmation before making any trade decisions.
What do you guys think about BTC? 👀📈📉 I’ll keep sharing my BTC TA and market analysis, so make sure to follow me if you want to see more! ❤️