BITCOIN → The “90K” door opened a corridor to $75,000

is changing its market structure to bearish after the 90K breakout. A deeper correction is forming and in my opinion this is a logical and technically correct structure for a healthy market

I think it is a wrong siutation when the market is only going up and solely due to buying (injecting huge amount of funds on a HYIP).
A bitcoin correction or even a trend reversal can bring a drop of life to this market.
Fundamentally, traders have not waited for any active support for cryptocurrencies from the US as stated in Trump's election campaign. Crypto exchange hacks, scam coins and bitcoin dominance are negatively affecting altcoins.
Bitcoin's current decline and possible drop to 75-73K could give fundamentally valuable altcoins a chance, provided the flagging dominance index also starts to decline. As the simultaneous flow of funds from bitcoin to altcoins and bitcoin's rise from strong support could renew the chances of an altcoin season

Resistance levels: 88150, 90700
Support levels: 75К, 73570, 66830

A small correction to resistance 88.1 - 90.7 is possible before price starts its decline. BTC may try to go deeper, but based on the situation with the market imbalance, lack of driver and support, the price may descend in the medium term and reach the zone of interest and liquidity 75-73.5K.

Regards R. Linda!

Trade active

Due to low liquidity over the weekend bitcoin is consolidating
But at the same time we have some important zones / levels emerging.
Resistance: 86560. A breakdown and consolidation of the price above this level may trigger growth
Support: 83418. Risk and panic zone. A breakdown and consolidation of the price below this level will provoke the continuation of the fall.

Note

News from the USA!
Signing of the decree on the creation of a crypto reserve
BTC, ETH, SOL, XRP, ADA
Short scenario canceled. Consider further purchases!

RLinda

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