Bitcoin is currently moving within a corrective bullish channel after a sharp decline.
The price tests a key supply zone between 91,500 and 92,500 USDT, aligned with the main downtrend line.
đ Likely scenario (preferred)
Rejection at the supply zone + break of the channel =
âĄïž BTC returns to demand zones between 84,000 and 86,000 USDT.
đ Alternative scenario
If BTC breaks 92,500 with volume â
âĄïž Bullish continuation towards 95,000 â 96,000 USDT.
In summary:
The market is approaching a critical level. I remain attentive to a break of the channel to confirm a new bearish wave.
â ïž This is not an investment advice. Personal analysis.
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