Technical analysis by MohammadAmin41148 about Symbol BTC on 20 hour ago

Merry Christmas, traders! 🎄 May your risk be low and your gains be real 📈 Alright, let’s dive into today’s Bitcoin analysis and see where the market is heading 👀 🔻 Fear & Greed Index is at 22, still sitting very close to Extreme Fear territory. Yesterday, after another attempt to break below the $85,000 level, the market got rejected and is currently trading around the $88,000 area. This rejection from the $85K zone is important. It shows that sellers failed to keep the price below that level, which can be a sign that selling pressure is weakening — at least for now. Unless sellers manage to push the price back below $85,000 today, we can’t say that they are fully in control anymore. 📌 One of my monthly scenarios was a range between $85,000 and $93,000 into the end of the year — and honestly, this scenario is becoming more likely, especially after last night’s rejection. That said, this does NOT mean I won’t look for shorts again around $85K. It simply means that sellers are not as aggressive as they were in the previous bearish leg, or buyers are heavily defending this zone. Because of that, my approach is simple: 👉 On lower timeframes, I’ll trade with whichever side shows temporary strength, and I’ll manage risk very tightly. ⚠️ Risk management is more important than ever here — I’ve explained its importance many times in previous analyses. 🔑 Key Levels to Watch: $85,000 → Still a valid short area if we revisit it $88,000 breakout → This would be my long trigger If we break above $88K, I’ll look for a long position, preferably on an altcoin that is strong against BTC. One altcoin currently on my radar is BCH, as it’s showing relative strength versus Bitcoin. 🎄 If the market stays slow from today until next Monday, there’s a high chance we’ll remain range-bound through Christmas. However, I strongly recommend coming back right after Christmas, because the market often makes sharp moves — either up or down — and that’s where the real opportunities show up 🚀📉 Stay disciplined, manage your risk, and don’t force trades. Have a great day and trade safe 🤝💰