BITCOIN → Short-squeeze 86-89K before falling further to 75K

continues to form a downtrend after breaking the bullish structure on the weekly timeframe. There is no bullish driver yet, and technically, the price is heading to the global imbalance zone of 75-73K

The past crypto summit and any other talk of cryptovalt support cannot support the market. Such events end with further market decline.
Technically, the market continues to form a downtrend (global counter-trend), based on this alone, we can say that the price is now going against the crowd and this is generally logical behavior. Globally, the zone of interest is located in the following zones - 75K, 73K and order block 69-66K
Locally, I would emphasize the nearest liquidity zones, located at the top, which can be tested before the further fall: 86697, 89.397

BITCOIN → The fall continues... 82K → 76K → 73K

Resistance levels: 85135, 86678, 89397
Support levels: 79987, 78173, 73512

After the false break of 78K support there is no strong reaction, the market is forming a struggle for 84-85K zone, which generally indicates buying weakness. Before the further fall there may be a short-squeeze relative to the above mentioned zones of liquidity, which may lead to a further fall

Regards R. Linda!

Trade active

Consolidation, beyond which, in the zone of 84.5 - 85 and 83.2 - 83.8 a huge pool of liquidity was formed.
By primary action - impulse downward, buyers were liquidated and sellers were added
By a secondary action - upward momentum, sellers were liquidated and buyers were added.
A major player has raised money on both sides of the market before falling further.
The price returns to the right direction and after long and short squeeze tests the support at 82500.
A break of this zone will strengthen the selloff

RLinda

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