Market Update:
Yesterday, Bitcoin faced significant selling pressure near the $102k mark, causing it to briefly lose the $99.6k level (the previous month's high) as support. However, this level has since been reclaimed. For a clearer market direction, we’re now watching for either a decisive break below the $99.6k support or a 4-hour close above $102k.
Given the current market dynamics, it’s advisable to exercise patience before entering trades. It’s safer to wait for either a retest of lower levels or a confirmed breakout to ensure a more favorable entry point.
