Market Update -

Bitcoin made a strong move yesterday us we mentioned, breaking out of the 4-hour downtrend and reclaiming the $100k mark. While the trendline breakout hasn’t been retested yet, the $99.6k level (previous month's high) has already been tested, providing a solid bounce.

The immediate resistance sits at $101.2k (Monday's high), which is expected. For the bullish momentum to continue over the next few days, we’ll need to see $99.6k hold as support at each 4-hour candle close. If Bitcoin manages to close above $101.2k on the 4-hour chart, we could see another test of the $103k-$105k range.