BTCUSD BULLISH SUSTAINANCE.BTCUSD Trading Signal
Market Sentiment: The market is currently experiencing a price surge following a strong rally throughout April. Bitcoin has shown positive momentum and remains in a clear ascending market structure.
Key Levels:
Resistance: $92,000 (broken)
First Target: $95,750
Final Target: $97,800
Technical Overview:
Bitcoin continues its upward movement, supported by strong volume and higher highs. Moving averages point to a strengthening market, with momentum indicators confirming an ongoing bull run. Traders may consider entering on pullbacks or confirmed breakouts above $95,750.
BTCUSDT.5L trade ideas
BTCUSD | Neutral Bias | Watching Value Area Retest | (May 5, 202BTCUSD | Neutral Bias | Watching Value Area Retest + Macro Confluence | (May 5, 2025)
1️⃣ Insight Summary
Bitcoin has been consolidating after sweeping liquidity around the $69K level. I'm currently not in a position, but closely monitoring for confirmation of direction as we approach key zones.
2️⃣ Trade Parameters
Bias: Neutral (waiting for confirmation)
Entry: Watching for a retest of the value area low
Stop Loss: Will be set once structure confirms
TP1/TP2: Will define after confirmation
Partial Exits: Based on price reaction at value area and confluence zones
3️⃣ Key Notes
✅ Lots of spot selling pressure currently—if it continues, lower prices are likely
✅ Still watching for potential bullish reversal structure for long-term upside (targeting $214K in long horizon)
✅ Correlation with S&P 500 is important here—SPX may push higher in coming weeks, especially as “sell in May” often applies to retail, while institutional flow tends to shift in June
✅ Watching the 7500 level on SPX as a possible reaction zone
❌ No confirmation yet—entering early could be risky
✅ Waiting for a clear market structure shift around value area support
4️⃣ Follow-up Note
I'll continue monitoring this setup and will post updates once we get a confirmation of direction or a structural break worth acting on.
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Disclaimer: This is not a financial advise. Always conduct your own research. This content may include enhancements made using AI.
Chart structure reacts to memory. Momentum + reaction zones! BTCWhat you're seeing isn’t just price action—it's memory in motion.
🟥 Prior momentum shifts marked critical turning points where sellers temporarily dominated.
🟩 Support responses signaled reactive strength, giving early signs of accumulation.
📘 Consolidation zones show where price "remembered" to pause—these often act as launchpads or traps.
🟧 Swept demand cleared out weak hands before a sustained move.
📈 Historical resistance, once broken, becomes memory-based support.
Each label isn't a signal—it's a story.
This chart reminds us:
👉 Before price moves, it tests memory.
👉 Before breakouts, it absorbs emotion.
👉 And before trends, it reacts to old battles.
🧠 The more you study structure, the more you see intention—not randomness.
Bitcoin is being squeezed. Will it experience a reversal?Hello, guys
Bitcoin has staged an aggressive recovery — but it’s not just any bounce. The move looks to be driven by a classic short squeeze, where extreme bearish sentiment and overcrowded short positions result in a sharp upward spike. This rally has now brought BTC right into a thick wall of resistance, and the next few candles could define the trend for weeks to come.
What’s Happening:
The short squeeze began after BTC reached heavily oversold levels. As price began to bounce, it forced short positions to unwind — fueling a momentum rally. But the rally hasn’t been supported by sustained demand; it’s been largely reactive. That’s where the caution comes in.
BTC is now sitting at a dense confluence of resistance, including
- The descending trendline from the broader channel
- The 0.618 Fibonacci retracement
- The point of control from the recent volume profile
- A major price level around $98,300
Why This Zone Matters:
Rejections from this area in the past have triggered sharp pullbacks. The fact that we haven’t seen immediate rejection yet raises eyebrows — but without strong volume and a decisive breakout, it’s premature to call this a full trend reversal. If the squeeze loses steam here, sellers could pile back in.
The Bullish Case:
If price grinds through this zone and closes above $98,300 with sustained volume, the landscape shifts. That level flips from resistance to support, potentially unlocking another leg higher.
The Bearish Case:
However, if this is just a squeeze without follow-through, expect a rejection to form soon. Watch for signs of slowing momentum, especially lower highs or sell pressure into resistance — classic signals of a local top forming.
Final Thoughts:
This is a make-or-break moment. The current structure is vulnerable to rapid moves in either direction. If BTC can’t hold this push, it may confirm a local high and set the stage for a deeper correction. But if bulls punch through resistance, momentum could snowball.
BTC/USDT – 1-Hour Technical Analysis
As of the current 1-hour timeframe, Bitcoin (BTC) is exhibiting early signs of a potential bullish reversal after a sustained downtrend.
Key Observations:
Price Structure:
A clear downtrend was established with a series of Lower Highs (LH) and Lower Lows (LL) from the recent Higher High (HH).
The price action formed a bullish reversal pattern, possibly a Double Bottom or Inverted Head and Shoulders, near the recent LL around $93,300.
Break of Trendline:
The downward trendline connecting the recent highs has been broken, indicating a shift in momentum from bearish to bullish.
RSI Analysis:
The Relative Strength Index (RSI) has shown a bullish divergence. While the price made lower lows, RSI made higher lows, signaling a weakening of bearish momentum.
RSI currently stands near 46.88, moving upward, which supports a potential move toward the overbought zone.
Entry and Risk Levels:
Buy Stop: 94,944.95 USDT
Stop Loss: 93,279.56 USDT (just below recent support and second LL)
This setup implies a calculated long entry only if price confirms bullish continuation by breaking above the Buy Stop level.
Target Levels:
TP1: 96,526 USDT – First resistance level aligned with previous structure zone.
TP2: 98,119 USDT – Second major target near the previous swing high zone.
Conclusion:
A break above the $94,944 resistance would confirm a bullish reversal with potential targets at $96,526 and $98,119. However, failure to sustain above $94,000 or a breakdown below $93,279 would invalidate the bullish bias. Traders should monitor the RSI for confirmation and use proper risk management.
BTC In my personal opinion, wave four has arrived. In my personal analysis, after the ascending channel breaks and returns to the ascending triangle, it can be said with certainty that wave 4 has begun. But where this wave will end cannot be said with certainty, but in the long-term analysis, wave 4 should not enter the ceiling of wave 2. If this happens, the rule of thumb is that the market will be bearish and it can be said with certainty that wave 5 is not in place. Currently, the trend is upward, the first target is 93310. The next target is 90473, which is a key and psychological support, the third target is 88181, which is 50% of the correction. And the target that Bitcoin will most likely not touch is 85887, which is the highest correction. Note: 83588, if Bitcoin falls below this number, wave 5 is no longer in place.
This is a completely personal opinion, not a buy or sell offer! Please do not enter into a trade with my analysis.
Thank you for sharing your opinions with me.
Analysis of the Latest SignalsThe advancement of the Bitcoin Reserve Bill in many US states, such as Arizona's plan to allocate 10% of state assets to BTC, combined with the discussion on the regulatory framework at the White House Crypto Summit, may make policy clarity a catalyst for future market conditions. The market is watching this week's FOMC decision. If the rate - cut expectation heats up, it may promote the recovery of Bitcoin liquidity.
you are currently struggling with losses, or are unsure which of the numerous trading strategies to follow, at this moment, you can choose to observe the operations within our channel.
Trading Strategy:
buy@93500-94000
TP:95500-96000
Bitcoin going upHi traders,
Last week Bitcoin consolidated and went up on Wednesday. This could be wave 4 (grey) and price is now in wave 5.
Price came into a Daily bullish FVG so now we could see more upside again.
Let's see what the market does and react.
Trade idea: Wait for a change in orderflow to bullish, an impulse wave up and a small correction down on a lower timeframe to trade longs.
If you want to learn more about trading FVG's with wave analysis, please make sure to follow me.
This shared post is only my point of view on what could be the next move in this pair based on my analysis.
Don't be emotional, just trade your plan!
Eduwave
BTCUSDT:Sharing of the Latest Trading StrategyAll the trading signals today have resulted in profits!!! Check it!!!👉👉👉
The current price of Bitcoin is 94,218, with a 24-hour trading volume of 2.1275 billion. The price has decreased by 0.13% over the past 24 hours and by 0.93% over the past 7 days. Technically, the Relative Strength Index (RSI) is in the neutral zone, and the bullish momentum of the Moving Average Convergence Divergence (MACD) indicator is weakening, while the medium-term trend remains upward. One may consider buying when Bitcoin stabilizes within the support range of 92,500 - 93,500 and a reversal signal appears.
Trading Strategy:
buy@92500-93500
TP:95500-96500
The signals in the Signature have brought about continuous profits, and accurate signals are shared every day. Hurry up and click to get them!
👇 👇 👇 Obtain signals👉👉👉
BTCUSDTHello traders! A potential short signal is forming on BTCUSDT. However, it's not ideal to open the sell position right now — we need to wait for the price to reach a specific level. Once it does, we can execute the trade.
So, what are the entry, TP, and SL levels for this setup?
If you’ve just started following me, let’s get started!
🔍 Criteria:
✔️ Timeframe: 15M
✔️ Risk-to-Reward Ratio: 1:1.50 / 2
✔️ Trade Direction: Sell
✔️ Entry Price: 95828.00
✔️ Take Profit: 95507.18
✔️ Stop Loss: 95988.00
🔔 Disclaimer: This is not financial advice. It's a trade I’m taking based on my own system, shared purely for educational purposes.
📌 If you're also interested in systematic and data-driven trading strategies:
💡 Don’t forget to follow the page and subscribe to stay updated on future analyses.
BTC’s Resistance Rejection and Pullback PotentialBitcoin’s recent upswing encountered strong supply at a major confluence zone, setting the stage for a corrective phase. Below is a purely technical breakdown of the reversal signals and key levels to watch:
1. Confluent Resistance Barrier
Trend Channel Upper Boundary: BTC respected the descending channel ceiling drawn since November 2024, stalling gains at this dynamic resistance.
Volume Profile Node: The Point of Control for the November–April range coincides exactly with this ceiling, creating a heavy supply node where aggressive selling pressure has materialized.
2. Bearish Shark Harmonic Activation
Harmonic Geometry: The completed Shark pattern (0XA–AB–BC–CD) landed precisely at the resistance confluence, triggering a shift from impulsive to corrective price behavior.
Fibonacci Alignment: The D-leg retracement aligns with the 0.886 extension of the XA leg, reinforcing the pattern’s invalidation zone and confirming the reversal trigger.
3. Critical Downside Pivot
Key Swing Low – $91,648: A close beneath this level on elevated volume would validate the bearish scenario, initiating a cascading stop-run that could drive BTC toward the $86,000 structural support.
Stop-Hunt Risk: Traders who entered near recent highs likely have stops clustered just below the swing low; their liquidation would accelerate downside velocity.
Risk and Trade Management
Entry Zone: Aggressive short entries may be considered on a failure to retake the channel top, with initial targets near the POC support level.
Invalidation Point: A sustained reclaim of the channel resistance and POC region would negate the bearish thesis, shifting bias back to neutral or bullish.
Summary: Bitcoin’s clear rejection at overlapping resistance and the activation of the bearish Shark harmonic signal a high-probability pullback. Confirmation hinges on the swing-low break; otherwise, watch for a potential re-test of the confluence zone.
Bitcoin is at a critical decision pointBitcoin:
Currently, Bitcoin is at a key resistance zone around the $97,500 level, which holds significant technical importance as it has acted as a price barrier multiple times in the past. In a bullish scenario, if Bitcoin manages to decisively break through this resistance and stabilize above this level, a strong upward movement could begin. With increased trading volume and buyer support, the price could target the next level at around $115,000. This scenario is particularly likely if positive fundamental factors, such as favorable news regarding Bitcoin adoption or improving macroeconomic conditions, support this move.
However, in a bearish scenario, if Bitcoin fails to overcome the $97,500 resistance and faces selling pressure, a price correction becomes more probable. In this case, the first significant support level is around $92,000, which could serve as an initial correction target. If selling pressure persists and this level is breached, the next support lies at approximately $89,500, which may act as a temporary price floor. Given the current market conditions and recent volatility, my personal view leans more toward a potential price decline, as technical factors and market uncertainty may strengthen sellers.
Risk Warning: Investing and trading in the cryptocurrency market involves high risk. Prices can be highly volatile, leading to significant profits or losses. Please conduct thorough research and seek professional financial advice before making any trading decisions. This analysis is solely a personal opinion and should not be considered financial advice. You are solely responsible for any trading decisions you make.
Good luck
Pooya Salehipour
Trend Still Intact, Real Profit – Watching Key Support at 94.7KHi all, It's Jude here
I believe that many of the market dynamics are being clearly reflected on the chart.
Although we are seeing a corrective pullback, the price is still maintaining higher lows at potential rebound zones—suggesting that the bullish trend remains intact and there's still a chance for a new high.
In other words, the trend that began from the 74K and 83K levels hasn’t been broken yet.
The uptrend is not entirely reversed, and while we are facing resistance near the supply zone created during the downtrend earlier this year, the market is consolidating with significant volatility.
This kind of movement—sharp ups and downs—means it's much more efficient to capture profits when clear opportunities present themselves rather than holding blindly.
From a larger time frame perspective, the structure remains unchanged.
We're still in a position where another push to new highs is possible.
That’s why I’ve been consistently suggesting that if you're considering a short position, it’s smarter to look for entries on the lower time frames and only after a meaningful rejection or pullback.
On the other hand, for long positions, wait for confirmation—look for solid support to hold after a meaningful bounce and then enter where your stop-loss is clearly defined and the risk-reward ratio is favorable.
We need to be prepared for both scenarios: a direct continuation to the upside or a broader corrective phase.
And remember, corrections don't always mean a sharp drop—they can also come as sideways consolidations over time. Don't overlook that possibility.
Given the strong rebound we’ve seen, the 94.7K level should act as an important support on any pullback.
Also, don’t assume a strong bounce on the lower time frame automatically means the market has reversed.
Instead, observe if buyers are stepping in consistently—look for signs of accumulation and steady upward movement ("step-by-step" type buying) near the support zones.
Volatility is high, and I’m sure many are managing to take profits quickly. That’s great—but always make sure to have a stop-loss or break-even plan in place after taking profits.
Taking profits is always wise, but catching falling knives is not. There’s no harm in waiting for confirmation and entering on a pullback. That strategy will never be too late.
As I’ve said before, this is the kind of market where it’s easy to feel like “everyone else is making money except me” or “I’m being left behind.”
But especially in times like this, it’s important not to fall into FOMO.
Focus instead on preparing how you’ll respond and capture gains in the next setup. That’s where your energy should be.
Why aren't we growing now?Bitcoin will not be allowed to rise at the moment. First of all, there are two unfilled liquidity zones. Secondly, there is no catalyst for growth — such as positive news. We will definitely move toward the first liquidity zone. The second one might be reached after some time. Even if there is growth now, it will be a false, artificial rise created by whales. This is crypto — welcome.
Bitcoin vs. Saylor: The Power and Danger of fanatical promotionToday I want to talk about Michael Saylor and his influence on many crypto minds and, to some extent, the movement of Bitcoin’s price.
It’s very important to understand who we’re listening to, who we’re following, and whether this person has hidden motives we don’t see due to lack of information or unwillingness to get it — due to our stubborn desire to see only what confirms our own fantasies and thoughts and serves our expectations.
Let’s turn on our reason and objectivity and face the facts.
Michael Saylor is a well-known figure in the crypto world. He promotes the idea of eternal Bitcoin growth and actively buys it to support his words. When the price drops, he even suggests his readers sell their organs, which, to me, is too much.
Let’s move to the facts — everything is Googleable, and promptable.
Facts:
📈 Hype of 2000
In 2000, he rode the dot-com hype with his company MicroStrategy. MicroStrategy was promoted as a pioneer in business analytics and data management software, and he saw himself solely as a visionary of the new economy.
The boom was sky-high — just read about the dot-com era. Stocks of new tech companies were soaring, and it was enough to say “software” and “I see the future.”
In 1998, MicroStrategy successfully held an IPO. In 2000, at the peak of the dot-com boom, the company’s stock reached an incredible $333 per share in March.
He skillfully used the hype, and here was his 2000 narrative:
Digital transformation: Saylor claimed the world was entering a new era where data would become the main asset of companies, and MicroStrategy — the key tool for processing and analyzing it.
Unlimited growth: In the dot-com era, Saylor pushed the idea that tech companies like MicroStrategy would grow exponentially, ignoring traditional financial constraints.
The future is now: Saylor created the feeling that MicroStrategy wasn’t just following trends but shaping them, offering solutions that would define the future of business.
At the same time, he was building a cult around himself, cultivating the image of a genius entrepreneur.
⚠️ Financial reporting scandal
The U.S. Securities and Exchange Commission (SEC) launched an investigation into MicroStrategy. The company overstated revenues, which led to a stock crash (from $333 to $86 in one day) and a loss of investor trust. The stock kept falling and dropped to $0.4 (–100%!).
The SEC filed charges against Michael Saylor personally (CEO), as well as CFO Mark Lynch and the chief accountant. They were accused of intentionally misrepresenting financials to keep stock prices high.
SEC investigation results:
In December 2000, the SEC concluded the investigation, and MicroStrategy agreed to settle without admitting guilt:
* The company paid a $10M fine.
* Saylor, Lynch, and other executives paid personal fines.
* Saylor agreed to pay $8.28M in “disgorgement” (unjust enrichment) and a $350K fine — a total of about $8.63M.
* MicroStrategy committed to revising its reporting and implementing stricter internal controls.
In addition to the SEC settlement ($11M from leadership, including $8.63M from Saylor), MicroStrategy faced shareholder class-action lawsuits, which were settled for $10M.
No executives were criminally charged, but the company’s and Saylor’s reputations suffered greatly.
In other words, Michael didn’t have any moral hesitation about faking company profits during losses. But investors and journalists started asking questions — and the SEC came knocking.
Let’s call it what it is: Saylor committed fraud, using hype, promising endless growth, and creating a cult around himself as a “financial genius and visionary.”
Michael went quiet, and the media tone shifted quickly — from super-visionary to one of the biggest losers and scammers.
To give him credit, he managed to keep the company alive and kept a low profile until 2020, like a mouse. 20 years — a generation change and a new hype cycle.
And what does a tech visionary do? Of course — jump into the new wave. A chance to restore his image — probably more important to him than money.
🟠 Bitcoin Era, 2020
Before 2020, Saylor was a Bitcoin skeptic. In 2013, he even tweeted that “Bitcoin’s days are numbered” and compared it to gambling.
But in 2020, he changed his position after deeply studying crypto. His mission: to protect capital and restore his image as a prophet — and he decided to buy Bitcoin.
But his own money seemed insufficient, so he turned to borrowing.
Here’s how the scheme works:
1.MicroStrategy issues stocks and bonds
📈 They sell new MSTR shares → get cash.
💵 They issue bonds (debt papers) → investors give them money at interest.
2. They use that money to buy Bitcoin
🟧 All the raised funds go into BTC purchases.
They don’t sell. Just hold. Never lock in profit.
3. If BTC rises → MSTR stock price rises
MSTR becomes a kind of "BTC ETF."
📊 BTC growth = MicroStrategy’s market cap growth.
🔁 Then they repeat the cycle.
Stock price up → issue more shares/bonds → buy more BTC → repeat.
📌 The catch:
They use other people’s money (debt) to buy BTC.
They sell almost nothing.
They bet BTC will grow faster than interest on the debt.
So as long as the price goes up — everything is fine.
Let’s admit: his fanaticism, aggressive marketing, and bold statements have helped Bitcoin.
But the main question: will the inevitable market correction wipe out this belief in endless growth?
🔍 His personality
It’s crucial for us as traders and investors to understand who really runs the company or project. The personal traits of leaders are useful information that gives us insight and a behavioral map.
We need to research not only products and financials, but also the psychological types of those making the decisions.
Saylor’s aggressive marketing and loud statements are part of his personality.
He fed off the hype around his persona more than any growing bank balance.
And there’s nothing wrong with that — until you start deceiving people to keep attention on yourself.
For example, in the 2000s, *Forbes* noted that Saylor “sold the dream” of a new economy where traditional profit metrics didn’t matter.
It attracted investors — but didn’t reflect reality. Forbes hinted that his desire to maintain the genius image may have led to accounting manipulation.
Saylor created an "expectations bubble" that burst.
His desire to prove he’s a genius led to a disconnection from reality.
He often talks about himself as a genius and visionary (sounds like a grandiose ego).
He positions himself as the savior of capital through BTC (messiah complex).
He publicly mocks “weak hands” and traditional investors (shows superiority).
He never admits mistakes, even after losing billions (denial and overconfidence).
He repeats his ideas again and again (manic fixation on being right).
His speech is like a manifesto, not a dialogue. He doesn’t converse — he proclaims.
I don’t sense greed in him. I sense emptiness that demands a cult.
He doesn’t live for money — he is obsessed with the idea.
And that’s the problem — there’s no objectivity here. It feels more like revenge after the humiliation and downfall of 20 years ago.
He’s smart — no doubt. But it’s not just intelligence. It’s cold messianism.
Obsession, not passion.
Psychotype: Grand strategist with a humiliation trauma
Trait Behavior
Narcissistic core “I’m special, my vision is above all.”
Obsession with greatness “I must be the truth, not just be right.”
Hyper-rationality “I survive through logic, not feelings.”
Psychological armor “I won’t show weakness. If I break, I disappear.”
Fanatical visionary “My idea is supreme. I don’t need to be humble.”
💸 More facts:
In 2024, Michael paid a FWB:40M fine for tax evasion.
The accusation:
He didn’t pay income tax in D.C., while actively living there — yachts, property, planes, frequent visits.
His tax returns didn’t reflect reality, and the investigation used GPS, Instagram, flight data, banking, and other digital traces.
Saylor didn’t admit guilt but agreed to settle for around $40M.
His personal wealth is mostly in MicroStrategy shares (9.9% or ~$8.74B by end of 2024).
Theoretically, he can sell them — but he must file a report within two days.
Current status:
MicroStrategy owns 555,450 BTC
Average purchase price: ~$68,550
Total purchase cost: ~$38.08B
Unrealized profit: ~$14.7B
And remember — Saylor’s slogan: Forever HODL.
📉 But the key point:
The company’s current debt is $7.24B.
All is good — as long as the price rises.
Analysts estimate BTC would have to fall to ~$20K before MSTR is forced to liquidate.
But if BTC nears the break-even zone, fear might hit shareholders first — triggering stock sell-offs.
If MSTR shares fall — which is likely during a BTC crash — bondholders, especially those with convertible bonds (which make up most of the debt), might demand repayment.
That could force Saylor to sell BTC.
Because in a crypto winter, buyers for MSTR stock or bonds may disappear.
So BTC could fall — not because of actual sales, but from fear of those sales.
This is my main concern with Saylor’s oversized influence on the market.
🐍 A bit of “reptilian” theory
What if BlackRock *planned* to use Saylor’s hands to push Bitcoin and concentrate large amounts in one basket — then take it from him?
Among the main bondholders are big institutions:
* Allianz Global Investors
* Voya Investment Management
* Calamos Investments
* State Street
These bonds are usually unsecured and non-convertible, making them attractive to investors who want Bitcoin exposure without direct ownership.
In case of default, bondholders have priority over the company’s assets — including BTC reserves.
🏛 State Street Corporation
Public company traded on NYSE.
Its biggest shareholders: Vanguard Group and BlackRock .
If so — they could end up holding as much BTC as Satoshi.
BlackRock’s IBIT holds ~500K BTC.
MicroStrategy holds ~500K BTC.
🤔 Questions to reflect on:
* Is industry leader fanaticism good for the development of crypto?
* What is Michael Saylor really doing? Avenging the past? Or truly in love with the technology?
* What risks does a whale with media influence and fanaticism and pockets full of Bitcoin and debt pose to the market?
Waiting for your thoughts in the comments, dear traders! Hugs! 🤗
OLD BUT GOLD! Warning BTC next recession!In the previous article [ BTC may slightly decrease before the next move ] we pointed out the risk volatility of BTC in the ~96k range. So far, the BTC price analysis is going quite well as expected (not 100% accurate):
- The price increased to touch 109k5 and formed a resistance zone.
- Then the price dropped sharply and locked the 96k zone and headed to key level the 70k zone but stop at 74k7.
- Next, price is recovering very well to the 97k zone
- Please note that the analysis is for reference only, the BTC price movement is similar to the image, but not 100% correct, the price move up and down through the zone while moving. This analysis is based on personal technical analysis, not investment advice! => please consider your skills before making a decision!
The main content of this article will be the current price movement after recovering to the 97k area. The price tends to increase, but the upward force is much weaker , currently the price has created a form of resistance at the 97k area. In my personal opinion, this weakness can reverse at any time => ending the recovery phase into a downtrend phase. If this analysis is correct, we will look at the price of the nearest important support zone at 83k (move 1), if this price cannot be maintained, the price may continue to decrease further to the 70k area (move 2).
Everyone wants the price to rise and make good profits, but from a technical analysis perspective, we need to be objective to avoid buying or increasing positions in risky areas or maybe buying more in cheaper areas. I am not a fortune teller, this analysis will be wrong when the price breaks the 97k resistance and increases further. Trade safe!
The key support and resistance levels in this article are used from the BBND script.