BTC is facing resistance around $87,500 and showing signs of rejection. A short-term drop towards $80,000 โ $81,000 is likely, with mid-term targets at $70,000 โ $74,000.
๐ธ Key Resistance: $87,500 โ $89,000
๐ธ Short-Term Support: $80,000 โ $81,000
๐ธ Mid-Term Target: $70,000 โ $74,000
๐ธ Invalidation: A breakout above $89,200
๐ Market makers may create liquidity traps before the next move down. Watch for fake breakouts before confirmation!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.