The downward trend of Bitcoin on the daily frame, in my opinion, is not over yet, and it needs a little time before turning into an upward trend.
This shift is only complete if the level of 83 thousand is visited and rebounds from it, without returning to test this level again.
If this scenario materializes:
• Visiting 100 thousand becomes likely in the near future.
• And if the overall situation is positive, liquidity may allow the movement to extend from an additional 10 to 15 thousand, which will inherently be a blurry area.
The idea I want to convey:
We are still in the market, and we are working from the current levels on the basis of the possibility that 83 thousand may not even be visited, and that the direction may change directly.
But if the scenario of the downward trend continuing on the daily frame is confirmed,
and the price breaks down deeper than expected,
the decision to exit will be present without hesitation.
Because the market does not understand the language of emotions…
the market only understands cash.
