๐ Quick technical analysis:
1๏ธโฃ On the 15-minute and 1-hour timeframes: We see the price consolidating near the $85,420โ$84,970 support zone, with the RSI reaching low levels (close to oversold territory), which could trigger a speculative countertrend bounce.
2๏ธโฃ Next resistance: Holding above $85,600 could push the price to retest the $86,500โ$86,700 zone.
3๏ธโฃ Key support: A break below $84,900 would open the door to a retest of the $83,800 zone.
๐ก A question for everyone:
Do you see these fluctuations as an opportunity to accumulate, or just a pause before a deeper correction?
๐ Share your analysis and strategy for reaching the target in the comments
$BTC
1๏ธโฃ On the 15-minute and 1-hour timeframes: We see the price consolidating near the $85,420โ$84,970 support zone, with the RSI reaching low levels (close to oversold territory), which could trigger a speculative countertrend bounce.
2๏ธโฃ Next resistance: Holding above $85,600 could push the price to retest the $86,500โ$86,700 zone.
3๏ธโฃ Key support: A break below $84,900 would open the door to a retest of the $83,800 zone.
๐ก A question for everyone:
Do you see these fluctuations as an opportunity to accumulate, or just a pause before a deeper correction?
๐ Share your analysis and strategy for reaching the target in the comments
$BTC