Daily BTC Update by Shahmeer
_Key Points_
1. _Breakout Failure_: Bitcoin broke out of its hourly trendline resistance but failed to sustain prices above it.
2. _Support Levels_: Key support areas are:
- 92000 (retest of support)
- 90000 (psychological level)
- 87000 (big open buy orders and liquidity)
3. _Resistance Levels_: Key resistance levels are:
- 96500
- 98000
- 100000
4. _Holiday Market_: The New Year holiday is being observed, and the market is closed, expecting:
- Low volume
- A potential drop to 92500 and 92000 area
_Action Plan_
1. _Wait for Confirmation_: Wait for confirmation of the drop to support levels.
2. _Buy at Support_: Consider buying at support levels (92000, 90000, 87000).
3. _Monitor Volume_: Keep an eye on volume and market activity after the holiday.
4. _Be Cautious_: Be prepared for potential volatility and price fluctuations.
