Hello Queenchart Friends! ๐
Bitcoin ($BTC ) is "pouting" and sliding sharply from the $90k area to $85k. Donโt panic yet, letโs break down the structure so we donโt guess randomly! ๐ง
๐ Market Structure Breakdown (Price Action):
Look at the 1H & 4H Timeframe, the trend has clearly changed to a short-term Bearish. Prices are consistently making Lower Highs & Lower Lows.
What does it mean? Sellers are dominating. Donโt force against the tide if you donโt want to get Rekt.
๐ฏ Crucial Levels to Monitor:
1๏ธโฃ Resistance (Strong Roof): $86,500 - $87,000