🚨 Market Update - 👀
A strong move from Bitcoin yesterday breaking out of the 4 hour downtrend and reclaiming $100k. The trendline breakout has not yet been retested, but we can see $99.6k (Previous Month High) has been which provided a nice bounce. We have clear 4 hour resistance at $101.2k (Monday High) which is to be expected. If we are going to see continued upside momentum over the next couple of days then we want to see $99.6k hold at each 4hr candle close.
Keep an eye for any 4 hour close above $101.2k and then we can expect another retest of the $103k-$105k zone.
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