Bitcoin’s recent price action has been nothing short of intense — we’ve seen a sharp drop to the 
87K-
88K zone, which is making everyone wonder: is the bounce finally here? Let’s break down the case for what might happen next.
🛠 Key Levels to Watch:
Support: $87,350 (OMG PLEASE BOUNCE! Zone)
Resistance: $94,474 / $95,734 (First Major Hurdle)
POC: $96,752 (High Volume Node)
Upper Resistance: $97,554
📊 Technical Indicators:
Market Cipher B: We’re seeing signs of momentum shifting with green dots forming and the wave curving upward. Historically, this has been a strong indicator of reversals.
Moving Averages: The blue and yellow moving averages are still showing bearish alignment, but a cross upward could confirm bullish momentum.
Volume Profile: Price is sitting right above a demand zone — if buyers step in here, we could see a strong push upward.
💡 My Thesis:
I believe we’re at a critical inflection point. If BTC can hold above the87K support and we see a follow-through with volume, the next targets are $94K and $95K. Break those, and we’re heading to the POC around $96,750.
However, a breakdown below87K could spell trouble, with $84K likely being the next stop.
🎯 Trade Idea:
Entry:88K - 
89K (On Confirmed Bounce)
Stop Loss: $86,900 (Below Key Support)
Take Profit 1: $94,474
Take Profit 2: $96,752
Take Profit 3: $97,554
📝 Final Thoughts:
Patience is key here. Let the market show its hand. A strong bounce from here makes a lot of sense technically, but always manage risk.
Let’s learn and grow with crypto together! 💪🚀
#Bitcoin #BTCUSD #Crypto #Trading #Investing #MarketAnalysis #CryptoCommunity #AntiCryptoCryptoClub
87K-88K zone, which is making everyone wonder: is the bounce finally here? Let’s break down the case for what might happen next.🛠 Key Levels to Watch:
Support: $87,350 (OMG PLEASE BOUNCE! Zone)
Resistance: $94,474 / $95,734 (First Major Hurdle)
POC: $96,752 (High Volume Node)
Upper Resistance: $97,554
📊 Technical Indicators:
Market Cipher B: We’re seeing signs of momentum shifting with green dots forming and the wave curving upward. Historically, this has been a strong indicator of reversals.
Moving Averages: The blue and yellow moving averages are still showing bearish alignment, but a cross upward could confirm bullish momentum.
Volume Profile: Price is sitting right above a demand zone — if buyers step in here, we could see a strong push upward.
💡 My Thesis:
I believe we’re at a critical inflection point. If BTC can hold above the
87K support and we see a follow-through with volume, the next targets are $94K and $95K. Break those, and we’re heading to the POC around $96,750.However, a breakdown below
87K could spell trouble, with $84K likely being the next stop.🎯 Trade Idea:
Entry:
88K - 89K (On Confirmed Bounce)Stop Loss: $86,900 (Below Key Support)
Take Profit 1: $94,474
Take Profit 2: $96,752
Take Profit 3: $97,554
📝 Final Thoughts:
Patience is key here. Let the market show its hand. A strong bounce from here makes a lot of sense technically, but always manage risk.
Let’s learn and grow with crypto together! 💪🚀
#Bitcoin #BTCUSD #Crypto #Trading #Investing #MarketAnalysis #CryptoCommunity #AntiCryptoCryptoClub
Disclaimer
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.
Disclaimer
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.