Bitcoin is in a difficult position to sell right now.
- The decline began at 98.6k, followed by a free-fall from 95.9k
- The decline is still ongoing, and the main support, the lower part of the 85k to 110k section,
has been broken to close the day
- In general, when there is a sharp drop without a downward wave, there is a property to quickly return it,
so in the current section, you have to open about 15% of both the top and bottom
*** So, short/long positions are all possible right now
SHORT POSITION
- If it does not exceed 89270 there is a probability that hidden bearish divergence will occur due to RSI
- If hidden bearish divergence is triggered, the target is at the previous low point and can be left
open up to the next support level.
LONG POSITION
- If you see support for 84.2k to 84.7k, you can expect a rise to the previous high due to the
short-term downtrend breakthrough