#bitcoin $BTC

It remains bullish on the weekly and monthly charts, but the current price action appears weak

We should consider a bearish scenario. I expect the price to fluctuate within or below the orange zone. During this period, staying out of trades could be a wise choice

If the price sweeps the previous low, it’s likely to rebound toward the All-Time High, primarily to liquidate short positions, before dropping sharply again

As for the bullish scenario, a bounce from the orange zone is possible. However, given the rapid downward movement, this outcome seems less likely to play out as anticipated

DYOR