Update plan $BTC for those in need
$BTC is currently moving sideways and accumulating around the important support – resistance zone of $88K–$90K. Maintaining this area, in my opinion, is crucial for the buyers, as this is a decisive structural region in the short and medium term.
We have just gone through the strongest correction of the cycle, mainly due to widespread selling pressure along with concerns that the 4-year cycle has entered the final phase.
However, from my perspective, after the sharp drop, the price has not shown signs of being aggressively sold off.
At the current moment, I see the buying power around the $88K–$90K zone responding quite well, indicating that buyers are still willing to participate in this area. Therefore, I believe that this period should prioritize observing price reactions on higher time frames, rather than hastily drawing conclusions.
On the daily chart, the downtrend has clearly stalled; meanwhile, the lower to medium time frames are making efforts to re-establish a bullish market structure.
Nevertheless, in my opinion, for the reversal scenario to be fully confirmed, $BTC needs to decisively break through and hold above the $94,000 mark.
THIS IS A PERSONAL OPINION DYOR GUYS
