๐จ Market Update - ๐
Bitcoin has now accepted below the key level of $96.5k (Monthly Open and 4hr EMA200) and we can see this is now resistance, with recent 4hr candles rejecting from that level. With the start of the holiday season we can expect lower volumes and it may be best to watch how the Monday range plays out.
My idea remains the same that if we see $96.5k reclaimed again, and confirm as support, then we can expectย a push back towards $99k. We are seeing $95k act as an area of support and this needs to be maintained if we are to avoid a revisit of last week's lows at $92k.
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