$BTC #long
Entry: $85,150 - $85,250
(current consolidation zone)
TP1: $86,012.8 (first marked level)
TP2: $86,413.6 (second marked level)
SL: $84,850 (below today's low)
Reasoning: Price dropped sharply from $86,683.9 to $84,910.0 and is now basing right around the Supertrend/midband zone ($85,018-85,108) instead of making a new low. Your two marked levels sit above as the former support shelf that broke down — reclaiming them would mean the drop was a flush, not the start of a real downtrend.
Short term Correction----Trade with caution. DYOR.
Entry: $85,150 - $85,250
(current consolidation zone)
TP1: $86,012.8 (first marked level)
TP2: $86,413.6 (second marked level)
SL: $84,850 (below today's low)
Reasoning: Price dropped sharply from $86,683.9 to $84,910.0 and is now basing right around the Supertrend/midband zone ($85,018-85,108) instead of making a new low. Your two marked levels sit above as the former support shelf that broke down — reclaiming them would mean the drop was a flush, not the start of a real downtrend.
Short term Correction----Trade with caution. DYOR.
