Bitcoin (BTC)
The price has rejected again the opening of the year, leading to a decisive move towards the 90 thousand area.
The previous week's candle left a prominent lower wick, indicating the presence of liquidity beneath it. This imbalance increases the likelihood of the price returning to its average, with the price expected to retrace at least 50% of that wick during the next week.
The area of 87.6 thousand - 87.2 thousand, aligning with the lowest levels of the weekend, stands out as a major target for the decline.
This area is the next take-profit point for gradually exiting the short position that started at 94.2 thousand.
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BTC
89,872.84
-0.03%