๐จ BTC UPDATE: Bull Trap or Reversal Incoming? ๐๐
Bitcoin ($BTC ) is currently trading around 87,820 USDT, seemingly calm after the recent volatility. ๐ช๏ธ
Looking at the 15m timeframe:
1๏ธโฃ The Recovery: We saw a sharp dip to 86,021, followed by a quick recovery. The bulls definitely defended that zone!
2๏ธโฃ The Consolidation: Right now, $BTC is hovering near the EMAs (Exponential Moving Averages). The price is getting squeezed between support and resistance. This usually signals a BIG move is about to happen. ๐ฅ
Key Levels to Watch:
๐ง Resistance: 88,950 (If we break this, 90k is next!)
๐ก๏ธ Support: 86,000 (Must hold to stay bullish)
My Take: The market is deciding its next direction. If we hold above the EMA 99 line, we might see another leg up. ๐
๐ Whatโs your prediction? Are we pumping to 89k or dumping back to 86k? Let me know in the comments!
#BTC #CryptoTrading #BฤฐNANCE #TechnicalAnalysis #Write2Earn
