CoinVoice has learned that crypto analyst Lennaert Snyder states that the BTC price has fallen to around $91,000, and has also broken below the support level of approximately $92,155 on the 4-hour chart, confirming the downward momentum. The analyst himself is looking for shorting opportunities, with a final target price of around $87,600, the monthly opening price (setting two take-profit points during the process of reaching the low). Additionally, BTC has support around $90,500; if it rebounds strongly and reverses at this level, short positions will be closed. If BTC successfully breaks through approximately $96,500, it will turn bullish.
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CoinVoice has learned that crypto analyst Lennaert Snyder states that the BTC price has fallen to around $91,000, and has also broken below the support level of approximately $92,155 on the 4-hour chart, confirming the downward momentum. The analyst himself is looking for shorting opportunities, with a final target price of around $87,600, the monthly opening price (setting two take-profit points during the process of reaching the low). Additionally, BTC has support around $90,500; if it rebounds strongly and reverses at this level, short positions will be closed. If BTC successfully breaks through approximately $96,500, it will turn bullish.