Good morning! Brothers
A new week, a new atmosphere. I hope all coin friends have a smoother journey in the dog farm.
After two days of ups and downs over the weekend, the market has ultimately shown two consecutive bearish days on the daily chart. Although the US stock market is closed now, the volatility in the Asian and European sessions is also considerable and very noticeable. The fluctuation range over the weekend is obvious.
In the 4-hour structure chart, a large bearish candle probes down, quickly rebounds, recovers the decline, but then encounters strong resistance above. The upward momentum could not sustain its volume, resulting in a pullback and another drop down. Currently, the market shows a second bottom probing pattern, with a probability of testing around 90,000. Maintain a bearish outlook for the day.
Bitcoin rebounded to the 96,500-97,000 range to short, with a target of 93,000-92,000.
