As you can see, Bitcoin (BTC) is currently forming a repetitive pattern. 📈 When the price pulls back to the identified resistance level, we can expect another bearish move, which could potentially drive the price down toward the 92K level. 📉
If the price drops below 92K, we may see a more significant decline into the 88K-84K range, possibly accompanied by a long shadow in a recent candle pattern. 🔍
👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate.
➡️Entry Area: Yellow zone
⚡️TP: 96,779 95,247 93,254
🔴SL: 101,826
🧐The Alternate scenario: If the price stabilizes against the direction of the position, below or above the trigger zone, the setup will be canceled.
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