$BTC Scenario ‼️
Buyers need to step in here.
After another quick push towards $87k, price immediately got rejected and is now retesting our key range S/R level at $85k.
If buyers manage to defend this level, another push towards the highs remains possible.
However, if we lose this level instead, it would likely send price lower to sweep the Friday low or potentially even retest the range lows.
Bearish momentum is pretty strong right now though, so I wouldn’t be surprised if we continue lower from here.
Trade Accordingly 👇🏻
Buyers need to step in here.
After another quick push towards $87k, price immediately got rejected and is now retesting our key range S/R level at $85k.
If buyers manage to defend this level, another push towards the highs remains possible.
However, if we lose this level instead, it would likely send price lower to sweep the Friday low or potentially even retest the range lows.
Bearish momentum is pretty strong right now though, so I wouldn’t be surprised if we continue lower from here.
Trade Accordingly 👇🏻
