BTC has been continuously dropping for 23 days since it reached a new all-time high. The range between 90k and 94k has formed decent support for BTC, and it is once again hovering close to this range.
As I mentioned in my previous update, a drop in BTC would be concerning. However, you could consider it a blessing in disguise—if we see a further dip, it might present a better opportunity to accumulate.
Key Points:
~ Crucial Support: 90k
~ RSI Range: Close to the oversold range
~ Rebound: If BTC holds the support range
~ Further Rejection: If BTC breaks down and closes below the support range
Always do your own research and analysis before investing.