đš Bitcoinâs Next Rally Could Be a Trap!
$BTC
bouncing toward $87Kâ$90K might look bullish, but Iâm watching this zone carefully.
The weekly chart shows strong resistance above $87K, and if Bitcoin pushes into this area without enough spot buying volume, we could see a sharp rejection.
Hereâs what Iâm watching:
Scenario 1: Rejection đ If $BTC fails to hold $82K, we could see a deeper move toward the $67Kâ$75K zone before the next major rally.
Scenario 2: Breakout đ If Bitcoin closes the week above $90K and holds that level, the next target could be around $112K.
The bigger-picture uptrend could remain intact as long as the $62.5K level holds.
For me, the reaction around $87Kâ$90K is the key. Iâd rather wait for confirmation than jump into a move too early.
Follow and turn on notifications for more $BTC updates.
#EarningsSeason #BTC #Bitcoin
$BTC
bouncing toward $87Kâ$90K might look bullish, but Iâm watching this zone carefully.
The weekly chart shows strong resistance above $87K, and if Bitcoin pushes into this area without enough spot buying volume, we could see a sharp rejection.
Hereâs what Iâm watching:
Scenario 1: Rejection đ If $BTC fails to hold $82K, we could see a deeper move toward the $67Kâ$75K zone before the next major rally.
Scenario 2: Breakout đ If Bitcoin closes the week above $90K and holds that level, the next target could be around $112K.
The bigger-picture uptrend could remain intact as long as the $62.5K level holds.
For me, the reaction around $87Kâ$90K is the key. Iâd rather wait for confirmation than jump into a move too early.
Follow and turn on notifications for more $BTC updates.
#EarningsSeason #BTC #Bitcoin