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Market Update As highlighted in yesterday's update, Bitcoin had a strong likelihood of testing lower levels around $90k. The market touched a low of $91k, with the key support at $91.5k (Prev Week Low) providing a strong reaction. BTC has since reclaimed the $93.5k (Monthly Open), signaling the start of a potential V-shaped recovery. If the current bullish momentum holds, the next target is a push towards $97.8k (Monday Low). Traders should keep an eye on the strength of this move to gauge whether the recovery continues.
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Market Update: Yesterday, Bitcoin tested the $93.5k - $92.8k region, as anticipated. After this test, we saw a solid 2.5% bounce, but the market is starting to show signs of weakness again. The latest 4-hour candle closed below the $93.5k level (Monthly Open), and Bitcoin is currently struggling to reclaim this key area. If Bitcoin can break back above $93.5k, we could see a move toward $97.8k (Monday's low) by the end of the week. However, if it fails to regain this level, there’s a risk of a further pullback, potentially testing the $90k region.
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Market Update: Bitcoin continues its correction, down 8% from the highs seen on Monday. The key support level at $96.5k (4hr EMA200) was unable to hold, and price has now settled below this level. If the decline persists, the next potential support to monitor is $93.5k (Monthly Open), which could provide a reaction. For confirmation of a reversal, we are looking for Bitcoin to reclaim $97.8k (Monday's Low).
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Last #tp is your wish, make SL to Entry 🔒
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#tp 2 hit 👌
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