#BTC Coming to down to 87,200 and there is a chance to go below.
BTC is currently in a short-term pullback on the 4H timeframe after printing a higher high near the 90.4K area. This move looks like a healthy retracement rather than a trend reversal, and I am watching it as a potential higher low formation. The zone around 87,200 is the first area of interest, and if price extends lower, the 86,700 to 86,400 region becomes a stronger demand and liquidity zone based on previous wicks and structure.
As long as BTC holds above this demand area and shows a reaction, this pullback can act as a higher low, opening the path for continuation to the upside. If confirmation appears from this zone, I will be looking for a move back into strength with a potential expansion toward the 94,000 area. This is a buy on dip scenario, not a bearish call, and patience for price to reach key levels is important.
I am expecting a good upside scalp in alts.
#Ethena #SAGA DYOR It's not financial advice.