Can #BTC reach the 100,000 mark this week? This might be the most concerning issue for the market.
Given the low liquidity characteristics over the weekend, if market sentiment remains FOMO, it is a great time for a breakout. Of course, low liquidity on weekends is also a "double-edged sword," making it easy to rise but also easy to fall, mainly depending on market sentiment direction.
Currently, looking at the charts, the 1-hour and 4-hour trends are gradually weakening, and sentiment has shifted from a strong phase to a calm phase.
The BTC price has fallen below the strong positions of 1-hour and 4-hour, gradually forming a small-level correction trend. However, from the daily perspective, it still remains in a strong price phase.
Pay attention to two positions for pullbacks:
1. 4-hour at 97,200, if the price does not fall below this level and rebounds, it belongs to the 4-hour upper range correction.
2. Daily near 95,000, this position does not need to be considered for now, it is just a reference point to cope with short-term significant pullbacks. Whether the price falls below this position will determine if the daily level remains strong.
