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✔️ Today trade closed with enough profit 😍
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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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Market Update - We have seen sideways movement on Bitcoin for the past couple of days. 4 hour support is $95k, with every candle close respecting this, and $96.6k 4 hour resistance. A 4 hour close above this resistance level and I am watching for BTC to make a reclaim attempt of $98k (Weekly Open.) Alternatively, there is untested demand closer to $94k, and with growing liquidity there a move lower before higher is possible.
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Market Update - Currently we are seeing Bitcoin fighting to hold on to $92.6k (Monday Low.) We can see on the 8 hour chart how this is a key S/R flip level. We want to see this hold as support, but if we start to see acceptance under $92k I expect we will see a retest of the $89.5k area (Prev Week Low.) We have the release of the FOMC minutes this evening, so there is a chance this brings some volatility.
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Market Update - Bitcoin gave a string reaction from $96k heading into the weekly close. We are seeing early signs of BTC flipping $98k back into 4 hour support, and if this continues it could give the strength for another ATH push. Also watching for a 4 hour candle close above $99.3k resistance for a move above $100k.
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