BTC is currently experiencing a pullback due to facing the $100,000 resistance level.
The first key point to pay attention to now is whether the daily closing price can return above $95,000.
If it can reclaim this price level, then the daily bulls will still maintain an advantage, and there will still be a possibility of hitting $100,000 and $108,000 in the future.
However, if the daily price fails to stabilize at the $95,000 level, the daily trend will completely shift from bullish to bearish, and it will further pull back to the two support levels near EMA20 daily at $88,500 and $81,600.
Therefore, today’s closing situation is crucial for future market trends.
Personally, I tend to believe that it won’t be able to reclaim $95,000, and pulling back to $88,500 and $81,600 would be a relatively healthy trend. What do you all think?
