$BTC
Bitcoin has gone through a strong decline in the last 48 hours just after its price reached 93 thousand.
My expectations are that the price is expected to continue its decline further until it reaches 87 or 86 thousand because these are support areas, and then it will start to bounce back strongly until it reaches 91, 92 thousand.
My advice here for beginners is that one can start buying now if trading spot; however, if trading futures, my advice is to be cautious and wait until there is a clear direction in the market, and I recommend not to trade on Saturdays and Sundays as they are weekly holiday periods, so liquidity is weak and false signals are abundant, although the market remains volatile. We need a clear break of a support or resistance area to confirm how the trend is moving accurately, but I lean towards it continuing to decline, even for two days, until new news comes out regarding the dollar.
The analysis was done on the hourly timeframe.
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