#MarketRebound
I Hope the Market will turn #bullish Upcoming Days đđ
Support & Resistance: Bitcoin is currently fighting to hold the $90,000 support level. If this fails, analysts eye a deeper correction toward the $84kâ$85k range. Resistance remains heavy at $96,000 and the psychological $100,000 mark.
âBollinger Bands: Recent price action saw a violation of the lower Bollinger Band, which technically signaled an "oversold" condition. This led to the minor bounce we are seeing today as the price tries to return to its mean trend line.
âLiquidations: Yesterdayâs "flash crash" triggered massive long liquidations (over $525M in BTC alone), flushing out over-leveraged traders and potentially setting a cleaner floor for the next move.
âOutlook for the Next 48 Hours
âThe market remains in a "Wait and See" mode. If Bitcoin can maintain its position above $92,000 throughout today's New York trading session, we may see a slow climb back toward $95,000. However, without a fresh catalyst or a cooling of trade tensions, the "fuel" for a rally to $100,000 appears limited in the immediate term.
