#BTC The entire market was affected by sharp movements that occurred overnight.
We are still holding the 89326 support level. As long as it remains above this level, there is a possibility of an upward continuation.
If the 98200 resistance is broken, it could test the 107500 level. At this level, a critical decision will be made, and it will be clear whether the rally continues or not. A daily close above 107500 would mark the first high peak of the latest downward wave, and the upward trend could continue further. If a close occurs below 89326, the decline will continue. If a reversal confirmation comes at the support zone between 83822-82477, a new attempt to rise could occur.
If the close is below 82477, a continuation of the decline is expected, and it could test the 74496-71237 (mavi kutu) zone. The blue box is a strong support zone.
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#BTC The entire market was affected by sharp movements that occurred overnight.
We are still holding the 89326 support level. As long as it remains above this level, there is a possibility of an upward continuation.
If the 98200 resistance is broken, it could test the 107500 level. At this level, a critical decision will be made, and it will be clear whether the rally continues or not.
A daily close above 107500 would mark the first high peak of the latest downward wave, and the upward trend could continue further.
If a close occurs below 89326, the decline will continue. If a reversal confirmation comes at the support zone between 83822-82477, a new attempt to rise could occur.
If the close is below 82477, a continuation of the decline is expected, and it could test the 74496-71237 (mavi kutu) zone. The blue box is a strong support zone.