Here you Go Folks - $BTC Dipped exactly after touching the level I mentioned few hours ago. LOL! ๐
Iโm not a magician. I do my analysis based on knowledge and pure chart understanding.
And hereโs the โmagicโ result: BTC dipped exactly from 94,588 โ perfect reaction.
Overall, the bearish structure is still intact. On the 4H chart, Iโm seeing a clear bearish bending, and BTC has not broken any bearish structure yet.
Price has been ranging for the past few days, which makes me suspect a big move is coming soon.
Stay focused. Trust the charts.
Chart attached for reference along with post screenshot!
Bitcoin is showing weakness after multiple rejections from the $94K zone.
The 1D demand has now been filled, and unless price breaks the current downtrend structure, we may see a move into the $80K supply โ or even deeper towards $76K (as marked on my chart).
I focus on structural analysis, not chasing every candle.