#BTC - Monthly correction in play! ๐จ
H4: Bearish break โ
Daily & Weekly: Neutral zone ๐ฃ
Following my previous weekly outlook - Monthly rejection showing a potential bearish pin bar ๐
Bulls are pretty weak. Solid rejection on previous key 98k level does not looking good! โ ๏ธ
$87,000 daily support must hold, or we could see another wave down! โ ๏ธ
Key levels I'm watching:
Support zones ๐
๐ฏ $86,600 - $84,500 โ Local support
๐ฏ $79,500 - $79,000 โ Critical weekly level
๐ฏ $72,000 - $70,500 โ Monthly demand zone
๐ฏ $59,500 - $60,000 โ Intermediate support
๐ฏ $54,000 - $55,000 โ Solid demand zone
๐ฏ $48,000 - $50,000 โ Long-term entry (Black swan scenario)
Resistance zones ๐
๐$93,600 โ Weekly breakout level
๐$98,000 โ Major resistance
๐$103,500 โ Bull continuation target
Could $70,000 be the bottom? Playing out as expected! ๐ค
Zoom & learn from my charts! ๐
Stay strong ๐ธ
Not financial advice - DYOR โ ๏ธ
