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.
