$BTC Critical Support Test: Bulls vs. Bears Tug-of-War, Who Blinks First?
Let's do a quick scan of the BTC 4-hour chart. The market is currently at a very awkward tipping point. Bulls and bears are in a standoff right here, and the trend for the next week depends on this battle.
Chart Signals: Not Looking Great 😅 From a Price Action perspective, the market is flashing a few warning signals:
Lower Highs: After BTC failed to break $93,800, the highs have been dropping all the way down to around $92,000 and $90,500. This shows buyer exhaustion; selling pressure is showing up earlier each time.
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