$BTC Price Breaks Through Local Lows, Eyes 84k-87k Range

The Bitcoin price has broken through local lows built over three weeks and is now trending upward after bouncing off the Fib 50 level.

This development confirms the end of wave 4, with the cryptocurrency heading towards a potential high in the 84k, 87k area.

Although the writer's long position at $74,069 was not filled due to the price action, they are satisfied with their scalp and are now looking ahead to the next plan.

The writer suggests watching two key zones: wR at $82,222 and wCP at $71,777, which could serve as setup ideas for a potential trade.

As always, the writer stresses the importance of risk management in trading, particularly for beginners who may need to take partial profits or adjust their stop losses accordingly.