Btcusdt/M15Bitcoin's structure is currently bearish, and after a retracement to approximately 87,000 units, it might experience an upward move if it can break through the upcoming zone. However, it is expected to continue its downward trend to touch its lower range once again.
💫 For those looking to purchase for long-term holding, it may be better to wait for lower price levels.
💫 For those interested in swing trading, you can consider entering step-by-step positions if the price returns to the previous lower zone before touching the upcoming range. Hold the position until the first target is reached or potentially until the main range mentioned, followed by updating the analysis.
💫 If the price breaks through the upcoming range, I will update the analysis for re-entry opportunities.
💥 I’d be happy to receive your reactions and support