๐จ BITCOIN ANALYSIS TODAY โ 4H TIMEFRAME
Bitcoin had been showing a short-term bullish structure after breaking the previous downtrend. The momentum managed to push the price up to the $94,000 โ $95,000 zone, but since that high, a strong and sustained decline has begun.
Currently, BTC is trading at $90,709, recording a drop of -3.24%.
๐ What could happen from here?
๐ Most likely scenario:
The price lost a key level that was acting as support at $90,800 โ $91,000. With no buying reaction observed on the 4H chart, price action suggests a continued downtrend with targets at:
๐ $88,000 as the first target
๐ Extension toward the liquidity zone at $87,000 โ $86,500
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๐ Alternative scenario (to return bullish):
Bitcoin would need to quickly recover above $91k, form a reversal pattern, and resume the upward trend. Until then, any rally will only be a technical bounce within an active bearish bias.
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My trading plan:
โ Avoid aggressive long entries
โ Wait for confirmations at support levels
โ Consider short positions on pullbacks to $91k with adjusted stops
โ Do not over-leverage in this zone
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