๐ Analysis $BTC | Daily Chart AYMONACCI Technical Analysis
The price has completed the classic ABCD pattern accurately at the 1.623 Fibonacci extension โ the target was previously set at $82,850 and was hit exactly.
After completing the pattern, the reaction was sharp โ the price broke the ascending channel with massive sell volume and dropped from $82,850 to $60,248 in a relentless move.
๐ Critical levels now:
๐ต Pivot Point PP โ $69,988 ๐ก First Support S1 โ $65,000 ๐ด Second Support S2 โ $60,000 โ ๏ธ Current Price โ $60,248
The price is trading just above S2. This zone between $60,000 and $60,248 is the real test now.
There are two scenarios only: โ A technical bounce from S2 targeting $65,000 first โ A break of S2 opens the door for deeper levels
๐ฌ What do you expect? Bounce or break? Drop your thoughts in the comments ๐
#ุจูุชูููู #ูุฑูุจุชู #BTCUSDT #Bitcoin #Binance
The price has completed the classic ABCD pattern accurately at the 1.623 Fibonacci extension โ the target was previously set at $82,850 and was hit exactly.
After completing the pattern, the reaction was sharp โ the price broke the ascending channel with massive sell volume and dropped from $82,850 to $60,248 in a relentless move.
๐ Critical levels now:
๐ต Pivot Point PP โ $69,988 ๐ก First Support S1 โ $65,000 ๐ด Second Support S2 โ $60,000 โ ๏ธ Current Price โ $60,248
The price is trading just above S2. This zone between $60,000 and $60,248 is the real test now.
There are two scenarios only: โ A technical bounce from S2 targeting $65,000 first โ A break of S2 opens the door for deeper levels
๐ฌ What do you expect? Bounce or break? Drop your thoughts in the comments ๐
#ุจูุชูููู #ูุฑูุจุชู #BTCUSDT #Bitcoin #Binance
