Market fatigue is evident amidst daily liquidations on both sides. The persistent question remains: Will $BTC drop towards $60,000, or will it push above $100,000 first? š¤
#Bitcoin is currently reacting from a significant historical demand zone between $80,000ā$82,000. This area has consistently triggered strong rebounds, indicating renewed buyer interest. š
Following the recent pullback, BTC is now consolidating around $89,000, establishing a solid base instead of declining further. Should this range hold, the next upward expansion could target the $105,000ā$120,000 liquidity zone, aligning with prior highs. š
For spot traders, this zone is crucial. Even a potential retest of $80,000 would still represent a high-probability accumulation area, supported by market structure and historical reactions. šÆ
Momentum is stabilizing. Demand remains visible. This price action suggests preparation for further moves, rather than distribution. āØ
Consider spot buys on dips. For leveraged positions, prioritize low-leverage longs with strict risk management. A prudent approach is advised. š”
š $BTC
(BTCUSDT)
