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$BTC Short entry $102k-101.6k
Target $100k $99k
SL $103.9
#Signal.
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Market Update: Bitcoin continues its correction, down 8% from the highs seen on Monday. The key support level at $96.5k (4hr EMA200) was unable to hold, and price has now settled below this level. If the decline persists, the next potential support to monitor is $93.5k (Monthly Open), which could provide a reaction. For confirmation of a reversal, we are looking for Bitcoin to reclaim $97.8k (Monday's Low).
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Market Update: Bitcoin has made the expected move, with the $98.9k level (previous week high) acting as solid support, leading to a push to $102k. However, Bitcoin is now facing resistance at this level, due to a bearish engulfing candle from December 20th. There’s potential for a retest around the $100k area, which we’ll need to hold for continued upward movement. If the $102.5k level flips, we could see Bitcoin pushing towards $105k. Meanwhile, our BTC short position is performing well—congratulations to those who took the trade and are now in profit. #btc走勢
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