BCH is testing a key level at $270. If the price rejects lower levels and holds this zone as support, it could present a potential long opportunity.
Main Target: Liquidity above $350, near previous highs.
The key is patience. Let price confirm the reaction before considering an entry. A strong hold at $270 could open the door to a larger recovery, while a breakdown would weaken the bullish setup.
What’s your view — will BCH hold $270 and target $350+, or break lower first?
After reaching the key support at $81,000, we now got a local bounce with price returning around $82,500
For now I'd best wait for today's daily candle close, see how it turns out and after that I'll put together a new market setup, since locally they could manipulate in both directions right now to collect certain liquidity clusters, so it's best to wait a bit now and not rush into new positions.
The price of $BTC continues to decline and may reach the key level of $82,000. If the price successfully holds this level, a new uptrend will begin to form.
The main target for the price increase is a return above the 2-hour FVG zone in the range of $84,480 to $85,300.
$BTC swept an important liquidity block at 82200 and now there's a buyback to 83000, trendline break + daily divergence into a short, often they can signal continued decline after a small 83-84k range!
meaning the probability of a drop is now over 60%, they might raise to 84000 and then down
at the same time a break and hold of 84100+ built on strong demand can return the picture to long again, and such manipulations aren't rare either, even after a local breakdown!
if trading the probability, then short from 84000 or long above 84000 with a strong reversal present!
News is negative for us, besides Trump preparing strikes on Iran + US moving crypto onto exchanges + a wallet from Satoshi's era waking up...
USDT dominance is rising and flipped its trend to growth which can signal further market decline!