$BTC is below major resistance (90K-92K)
Structure is lower highs.
Longs from 90K+ are trapped.
Market is in distribution/shakeout mdoe.
This means the market can still push lower before any real recovery.
🥶BEARISH SCENARIOS:
IF BTC:
- CLOSES BELOW 85,000 (4H/Daily)
- with volume
Then next zones:
- 83,500
- 82,000 -81,500 (liquidity + liquidation zone)
This is the danger zone for high leverage longs.
😀BULLISH SCENARIOS:
IF BTC:
- Keeps defending 85K
- Makes higher low on 1H-4H
Then likely:
- slow recovery to 88K-90K
- Short squeeze possible
This would save many longs.
