Update on movement
#بيتكوين , the break is not confirmed yet for the drop... after we saw the price rise and then close below the 88,000 area...
$BTC The current break is not enough to confirm the beginning of a strong drop, and it is still just a weak correction within the range.
Reason for not confirming the break:
The closing was very close to 88K
There wasn't strong selling volume
$BTC There is no clear Break of Structure
The current movement resembles a Pullback and not a real break.
1. To confirm the drop, we need to see:
A clear close below 86 thousand
Then a failed retest of the 88K area
Only then do we consider the break real → and it would be a strong sell signal. For the first scenario, see the picture labeled (canceled) or not confirmed until breaking 86 thousand.... 🫵
📌 2. If the price maintains 87,000:
Staying above 86,800 – 87,000 without a break:
➡️ it gives a high probability of a new rise towards:
92 and 93
Then a potential distribution level between:
96_94
From that area, there would be a better and stronger selling opportunity.
✔️ Summary ❤👽
The current break is not valid
We are waiting for a break of 86 thousand and a failure in the retest at 88 thousand to confirm the drop....
Staying above 87K may push the price for a new rise to attract higher liquidity
$BTC The strongest selling areas are still above 92K and the last one is 96 👊🔥
#TraderAlert #تحليل_بيتكوين #BTC