#btc is struggling at the resistance in the 95000-96338 zone. As it approaches the resistance, there is selling pressure. If it cannot break through, it may test the Pink box.
We will follow the possibilities below;
1- If the pink box zone does not close below the box during the pullback towards the 91652-90479 zone, this is a test of the breakdown. Reversal in lower time frames on the box.
2- If the pullback dips a little further down, it will be considered a retest of the broken trend as long as the daily close is not below the 83050 level. Potential support zones are: 86424, 83050-81663 zone. We will also look for a reversal confirmation at the supports.
If the daily closing is above 95000, the likelihood of the uptrend continuing increases.
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#btc is struggling at the resistance in the 95000-96338 zone. As it approaches the resistance, there is selling pressure. If it cannot break through, it may test the Pink box.
We will follow the possibilities below;
1- If the pink box zone does not close below the box during the pullback towards the 91652-90479 zone, this is a test of the breakdown. Reversal in lower time frames on the box.
2- If the pullback dips a little further down, it will be considered a retest of the broken trend as long as the daily close is not below the 83050 level. Potential support zones are: 86424, 83050-81663 zone. We will also look for a reversal confirmation at the supports.
If the daily closing is above 95000, the likelihood of the uptrend continuing increases.