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luna $1.7 ✈️

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Market Update Bitcoin continues to respect the levels we've outlined over the past few days. The price recently dipped into the demand zone at $94k, showing a solid bounce from there. Meanwhile, the $95k support on the 4-hour chart has held firm, with each close above this level reinforcing its strength. Now, Bitcoin is approaching the $97k resistance, which coincides with the weekly open. A 4-hour close above this level would likely set the stage for a swift move toward $100k. If this resistance breaks, expect further bullish momentum in the coming sessions.

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Market Update - Yesterday we mentioned that we wanted to see the $95k level hold as 4 hour support for Bitcoin. This level provided some nice bounces throughout the day and was respected at every 4 hour close. We still have the 4 hour demand below ($94k-$93k) which has yet to be tested so this is still an area of interest. For now I am waiting for a sweep of this, or a reclaim of $97.2k (Weekly Open.) The Monday range this week is $94.4k - $98.2k.

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Market Update - After rejecting $98k again overnight, we are seeing Bitcoin testing $95k which is the range lows since Wednesday last week. If this level does not hold then I am looking at $94k where there is still untested 4 hour demand. If $95k holds as the lows again then we need to see $97.2k (Weekly Open) reclaimed for a potential push to $98.9k. Let's see how the Monday Range plays out.

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Market Update - Yesterday we mentioned how the 2 flat bottom 4 hour candles at $95.6k area were important to watch for Bitcoin. This has given the best reaction so far this weekend but it continues to trade in a sideways range. $97k is 4 hour resistance currently, looking for a close above then we can have more confidence of a push higher. We can expect more volatility heading into the weekly close which could give us a range break in either direction.

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Market Update - Yesterday we saw Bitcoin deviate above $98k (Weekly Open) but this was unable to hold. Whilst various altcoins continue to look strong, BTC continues to retrace. An important area to watch is $95.6k where there are 2 flat bottom 4hr candles. We also have liquidity here so we would want to see a positive reaction. Above the current price I am watching for a 4 hour reclaim of $98k which could then push us towards $100k quickly.

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