The market is uncertain, but the daily chart of $BTC is telling a clear story. 🧐
Analyzing the current structure, we see that the price has perfectly respected the Bollinger Bands average at 89,820 USDT. This technical rebound has brought us to 91,700, confirming that the bullish trend remains alive for now.
🎯 The scenario:
Bitcoin is seeking liquidity above. If we maintain this momentum, the next logical target is the upper band at 93,900 - 94,000 USDT.
⚠️ The risk:
Losing the 89,800 zone would invalidate this rebound and could take us down to the next support at 85,700.
Here I open the debate: 👇
The stochastic RSI shows room for further upside, but do you think we have enough strength to break the all-time high this week, or will we remain range-bound?
Are you Team Bullish 🐂 or do you believe this is a Bearish trap 🐻? I'm listening. $BTC #Trading #CryptoAnalysis #BinanceSquare
Analyzing the current structure, we see that the price has perfectly respected the Bollinger Bands average at 89,820 USDT. This technical rebound has brought us to 91,700, confirming that the bullish trend remains alive for now.
🎯 The scenario:
Bitcoin is seeking liquidity above. If we maintain this momentum, the next logical target is the upper band at 93,900 - 94,000 USDT.
⚠️ The risk:
Losing the 89,800 zone would invalidate this rebound and could take us down to the next support at 85,700.
Here I open the debate: 👇
The stochastic RSI shows room for further upside, but do you think we have enough strength to break the all-time high this week, or will we remain range-bound?
Are you Team Bullish 🐂 or do you believe this is a Bearish trap 🐻? I'm listening. $BTC #Trading #CryptoAnalysis #BinanceSquare