Farcaster

#REVIEW BITCOIN

$BTC moves inside the initial November range. We have just witnessed a fakeout of the range high at $99500.

The rejection was quite strong, so I think we might be heading to the range low! It is located around $85k, this is simultaneously a range low, Fibo level and global support! That makes $85k level the most important one for bulls.

If we get a retest or a fakeout of this range low, this will create a unique opportunity to long $BTC! With the target set as "new ATH", risk ratio is insane with any kind of stop loss.

However, keep in mind that bears also watch this level. If somehow $BTC accepts below $85k, we are doomed 💀