Max Trades|5月 17, 2026 13:05
BTC
Looks like the bearish scenario I pointed out in one of my previous posts is now starting to play out.
After a series of lower highs and lower lows, price has now broken below the key support level at $78.6k.
If price isn’t able to reclaim the grey zone soon, we should see a continuation lower toward the monthly open.
This is the next key area to watch, especially from a HTF perspective, as it lines up with the highs of the previous range.
The reaction at this level will be crucial for the development of the broader trend and could offer good trade opportunities.
A strong bounce would keep bullish momentum intact and open the door for another push higher.
However, a confirmed break below would mean re-entering the previous range. This would shift the focus toward all the unswept lows that are still sitting below.(Max Trades)
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