Bitcoin in a critical zone: two possible scenarios
Support Zones: BTC has bounced from QML1 (~$95,500) after testing it as support. A deeper retracement to QML2 (~$94,400) is also possible if the current level fails.
Two Potential Scenarios:
Bullish Scenario: If BTC holds above QML1, it could continue its upward momentum toward $98,778, breaking previous highs.
Bearish Scenario: If BTC loses support at QML1, a dip toward QML2 might occur before another potential bounce to the upside.
Trading Plan:
Long Entry: If BTC confirms support at QML1, targeting $98,778.
Wait & See: If BTC dips to QML2, look for reversal signals before entering.
Two Potential Scenarios:
Bullish Scenario: If BTC holds above QML1, it could continue its upward momentum toward $98,778, breaking previous highs.
Bearish Scenario: If BTC loses support at QML1, a dip toward QML2 might occur before another potential bounce to the upside.
Trading Plan:
Long Entry: If BTC confirms support at QML1, targeting $98,778.
Wait & See: If BTC dips to QML2, look for reversal signals before entering.
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