Market Update:

After Bitcoin broke below the 4-hour EMA8 (blue line), this level has now flipped to resistance. The key focus is on a potential reclaim of the 4-hour EMA8, but more importantly, a 4-hour close above $89.8k (the Monday high). If both of these levels are retaken, we could be looking at a potential push toward new all-time highs (ATH).

On the flip side, support for now sits at $86.6k. A failure to hold above this level would suggest further downside risk, and we'd want to avoid seeing acceptance below this mark for the short-term bullish trend to remain intact.

It's been an exciting week of trading, and while I’m on the lookout for more opportunities, I’m just as content to wait for the right setup to materialize.