๐จ Here's What I Expect Next From $BTC โผ๏ธ
$BTC is currently forming a "Falling Wedge" pattern on the 4-hour chart. Although this is typically a bullish continuation pattern, we must consider both scenarios due to the presence of strong horizontal resistance in the same area.
๐ Upside Scenario (To Go Up)
For an upward move, we need a clean breakout from both this pattern and the key horizontal resistance zone at $89,000.
๐ Downside Scenario (Major Correction)
If $BTC fails to break this resistance and instead breaks below the $85,000 support level, then be prepared for a major correction.
This represents a "do or die" situation for BTC: either we see an upside breakout and a continuation of bullish momentum, or a breakdown that signifies a return to bearish sentiment stay prepared๐!...
