In my opinion BTC *has a 60% higher chance of going down, in the short term.
Reason:
There is a big cell wall at 87,200, failed twice
Here's the flat line you see at 84,636, called Consolidation before next leg down
There is a lot of Liquidity lying around at 84,000 and 83,600 below
Plan:
Bearish: Taking a SELL between 84,600 and 84,800, the target is 84,000 -> 83,500. SL is above 85,200.
To be bullish: need to close a 15m candle above 85,200 then go back to 86,000.
Reason:
There is a big cell wall at 87,200, failed twice
Here's the flat line you see at 84,636, called Consolidation before next leg down
There is a lot of Liquidity lying around at 84,000 and 83,600 below
Plan:
Bearish: Taking a SELL between 84,600 and 84,800, the target is 84,000 -> 83,500. SL is above 85,200.
To be bullish: need to close a 15m candle above 85,200 then go back to 86,000.
