we see on the 4h time line a pendant formation
we also see that we are at the point where the market could make a break below the pendant
we see bearish pressure is huge and bulls are also aiming to keep the support at 88559 from failing
the pendant has a lot of dojis and almost no strong candle movements on the 4h because of the pressure from bought sides
at this level btc has 6 touches clearly showing the strenght of this level
but with caution we can also say it shows how this support level has depleted its power and postions at this level could be more obvious prime for stop hunting
BTCUSDT
Perp
85,742.3
-3.69%
