✔️ Hoy la operación se cerró con bastante beneficio 😍 #res | TMC en Binance Square

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✔️ Hoy la operación se cerró con bastante beneficio 😍
#results  #happy_trading  

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Market Update - We have seen sideways movement on Bitcoin for the past couple of days. 4 hour support is $95k, with every candle close respecting this, and $96.6k 4 hour resistance. A 4 hour close above this resistance level and I am watching for BTC to make a reclaim attempt of $98k (Weekly Open.) Alternatively, there is untested demand closer to $94k, and with growing liquidity there a move lower before higher is possible.

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Market Update - Currently we are seeing Bitcoin fighting to hold on to $92.6k (Monday Low.) We can see on the 8 hour chart how this is a key S/R flip level. We want to see this hold as support, but if we start to see acceptance under $92k I expect we will see a retest of the $89.5k area (Prev Week Low.) We have the release of the FOMC minutes this evening, so there is a chance this brings some volatility.

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Market Update - Bitcoin gave a string reaction from $96k heading into the weekly close. We are seeing early signs of BTC flipping $98k back into 4 hour support, and if this continues it could give the strength for another ATH push. Also watching for a 4 hour candle close above $99.3k resistance for a move above $100k.

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Market Update - Bitcoin is currently seeing a retest of the 4 hour support at $97.4k which we are looking to see hold. If BTC starts to break down from this level then I am watching the $95k-$93k area for a better reaction. Bitcoin dominance retested the 57% level, which is weekly support, and is starting to bounce as we would expect. Careful in altcoins here- do not over expose.

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Market Update - Bitcoin has not yet hit the magic $100k figure but we are seeing consolidation above $98k. We are seeing a very tight trading range- every 4 hour candle over the past day has closed between $98.5k and $99.2k. This has led to a drop in BTC dominance and overnight altcoins have started to lead the way. It is tricky to operate around these levels, with BTC at major resistance, but keep an eye on the 58% area of BRC dominance- This is major support. A bounce from here and alts will retrace, or break below this level and alts will continue to out-perform.

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