Bitcoin $96 230. After breaking out of the ascending triangle, the first resistance is $98 000, which we couldn't break through on the first attempt. Currently, the most important thing is not to fall below $95 000, which now acts as support.
I illustrated an ideal scenario on the chart. Compression below the $98 000 level and a breakout on volume. Then attempts to pass $100 000. We fell very hard, and many resistance zones are now in play.
And the main threshold, the area $107 000 - $110 000, even $114 000. This will be chaos! If dominance doesn't change, by this point, alts should recover about 30-50%. What will happen in this selling area, even a crossbred Vanga with Nostradamus raised to the power of Wolf Messing multiplied by infinity wouldn't answer this question right now.
I expect that we definitely won't pass on the first try! The main hope is for shallow pullbacks from the sell zone and continuous absorption of densities.
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#MyFirstPostOnSquare 🔥 Bitcoin Situation
Bitcoin $96 230. After breaking out of the ascending triangle, the first resistance is $98 000, which we couldn't break through on the first attempt. Currently, the most important thing is not to fall below $95 000, which now acts as support.
I illustrated an ideal scenario on the chart. Compression below the $98 000 level and a breakout on volume. Then attempts to pass $100 000. We fell very hard, and many resistance zones are now in play.
And the main threshold, the area $107 000 - $110 000, even $114 000. This will be chaos! If dominance doesn't change, by this point, alts should recover about 30-50%. What will happen in this selling area, even a crossbred Vanga with Nostradamus raised to the power of Wolf Messing multiplied by infinity wouldn't answer this question right now.
I expect that we definitely won't pass on the first try! The main hope is for shallow pullbacks from the sell zone and continuous absorption of densities.