$87,300 on BITCOIN. Rejected four times. Here’s what’s next.

On Bitcoin

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• Next days (next 1–7 days): Sideways (timeframe is our reading): I'm expecting price to actually just consolidate sideways here and see if it gets to the point where it makes a decision. ▶ 00:42

If this, then that

• If Price swings above the $87,300 order zone, then 98k (next weeks): whether or not this price can actually swing above this zone at $87,300. If it can, then my next target's looking towards the $98,000 mark on Bitcoin, ▶ 00:24
• If Price breaks down and breaks 83K, then 76k (next weeks): If price does break down from here and breaks 83K, I don't suspect much to actually happen at 80,000. It's more a nice psychological level of support versus anything else with major liquidity actually sitting at the $76,000 zone. ▶ 01:21

Levels named

• 98k: Target (last major swing high before the 30% breakdown): my next target's looking towards the $98,000 mark on Bitcoin, which is actually the last major swing high before Bitcoin actually broke down over 30%. ▶ 00:30
• 87.3k: Resistance (order zone that has rejected price four times): Bitcoin has actually rejected this order zone now four times. This is $87,300. ▶ 00:19
• 83k: Support (retest of the trend after a breakdown): we retest the trend, we either hold to $83,000, but if we fail, the next local support level sits at $81,000 ▶ 00:53
• 81k: Support (next major order zone): we retest the trend, we either hold to $83,000, but if we fail, the next local support level sits at $81,000 ▶ 00:53
• 76k: Support (major daily support where Bitcoin bounced for a long time and most transactions took place): the major daily support level where Bitcoin kept bouncing from for quite some time on the larger time frame, the daily time frames. This is where the majority of the transaction has taken place at roughly $76,000. ▶ 01:05

Their own position: Not said.