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: $108K Stop-loss: Below 89K 📌 Short Entry (If breakdown happens) Short BTC if it closes below $90K with high volume. Target: $80K Stop-loss: Above 92K