BTC BEARISH SCENARIO IF WE BREAK 95K KEY STRUCTURE
2024-12-20
Category: None

Personally, I don’t think this scenario will play out, but as traders, we always need to consider two possibilities to gauge the likelihood of each unfolding.

This is my  bearish scenario  if we lose the 95K support. The next support level would be at 92K, followed by an oversold bounce toward 99K-100K. This bounce might deceive people into thinking the bottom is in, but it would likely face rejection, leading to a harder fall toward 87K.

Again, let me emphasize—I don’t see this scenario playing out, but it’s still a possibility we need to keep in mind.

 What can you do?  Exit altcoins altogether and wait to see if BTC moves back into the 100K region, which would invalidate this scenario from playing out.