Technical analysis by limitissky77 about Symbol BTC on 2/9/2025

Key Observations:Resistance Level (~$108.6K): The price has been rejected twice at this level, indicating strong selling pressure.Support Level (~$90K): BTC has tested this support four times and bounced back, confirming it as a strong demand zone.✅ Bullish Scenario:BTC must stay above $90K to maintain the range. If it bounces back strongly, we could see another attempt at $108K resistance.A breakout above $108K could trigger a strong rally toward $115K - $120K.❌ Bearish Scenario:If BTC breaks below the $90K support, it could trigger a major sell-off.The chart suggests a possible drop toward $80K (red arrow), especially if RSI remains weak.Trading Plan:📌 Long Entry (If bullish confirmation)Buy near $90K support if a strong bounce occurs.Target: $108KStop-loss: Below 89K📌 Short Entry (If breakdown happens)Short BTC if it closes below $90K with high volume.Target: $80KStop-loss: Above 92K