"Analyzing options and futures market data reveals significant order placement anticipating a price surge towards $84,000-$86,000. While this is a potential target, the current volatile environment necessitates caution. Should price consolidate and gather liquidity within this range, a resumption of the bearish trend towards sub-$77,000 levels is a distinct possibility. It's crucial to acknowledge the presence of substantial liquidity around $91,000, which could act as a magnet for price action. However, the prevailing medium-term weekly trend remains firmly bearish. Exercise vigilance and avoid succumbing to FOMO. #BTC #Trade #AmirSaed #Options #Futures #TechnicalAnalysis"
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Update: Today's data confirms last analysis. it will probably return to 85000, but be prepared for any scenario.
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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.