#Market_Update

The Bitcoin market saw a continued sell-off yesterday, pushing the price below the $100k threshold overnight. The $99.6k level, which represents the high from the previous month, is currently acting as support on the 4-hour chart. It's important for this level to hold in order for a potential recovery. The price has moved outside of Monday's range, so we’re watching for a reclaim of the $101.2k mark (Monday’s low), which could set up a move back towards $105k.

Looking at the daily timeframe, the $98.8k level is a key support area, corresponding to the daily EMA25. This has been an important level of support since the strong uptrend in early November, and maintaining this level is crucial for the continuation of the bullish trend.