Good Night, Everyone
Currently, BTC is still maintaining its bearish momentum. The BTC 1H chart has been bearish for the past 15 hours but hasn’t formed a new resistance level. Therefore, we can expect further drops over the next 3–6 hours.
The old resistance level on the 1H chart is $97,250. If the market experiences a sudden rise and the 1H chart closes above this resistance level within the next 6 hours, it could be an opportunity to open a long position.
As I’m heading to sleep now, I won’t be able to provide updates on the 15m chart if market momentum changes. That’s why I’ve focused on the 1H chart analysis for now. I’ll be back online in 6 hours.
Thank You