$BTC price update:
Weekly outlook setup played perfectly โ
Price is now consolidating nicely on the $76,500 demand zone mentioned in it.
Possible scenario (short term):๐
If the LL holds, I expect a bullish correction toward the 79,300 to 79,500 previous level.
Medium term: ๐
Bull pressure looks weak.
Key level to watch for a reversal: 81,100. Bears seem to be in control under it.
The 75,000 daily SSB or even the 72,000 level could be next.
The weekly 50% fib around 72,000 could be the next key bottom to watch. ๐
In case of a full retracement, the 0.702 fib matches the SSA at 66,000.
Details in the chart. NFA
#bitcoin #BTC
Weekly outlook setup played perfectly โ
Price is now consolidating nicely on the $76,500 demand zone mentioned in it.
Possible scenario (short term):๐
If the LL holds, I expect a bullish correction toward the 79,300 to 79,500 previous level.
Medium term: ๐
Bull pressure looks weak.
Key level to watch for a reversal: 81,100. Bears seem to be in control under it.
The 75,000 daily SSB or even the 72,000 level could be next.
The weekly 50% fib around 72,000 could be the next key bottom to watch. ๐
In case of a full retracement, the 0.702 fib matches the SSA at 66,000.
Details in the chart. NFA
#bitcoin #BTC
