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Market Update Bitcoin has recently dropped below the critical $96.5k level (which aligns with the monthly open and 4-hour EMA200), and this price point is now acting as resistance, as reflected by recent 4-hour candle rejections. With the holiday season in full swing, lower trading volumes are expected, so it may be wise to wait and observe how the market moves within the Monday range. My outlook remains unchanged: if Bitcoin can reclaim the $96.5k level and hold it as support, there’s potential for a move back toward $99k. On the downside, $95k is currently acting as support. Maintaining this level is crucial to prevent a possible revisit of the $92k lows from last week.

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Market Update Bitcoin is currently hovering around the $96.5k mark, a crucial level that coincides with both the Monthly Open and the 4-hour EMA200. The orange trendline on the chart points to a consistent 4-hour downtrend since BTC reached its all-time high of $108k. A break above this downtrend could set the stage for a push toward $99k. However, if Bitcoin starts to face resistance at $96.5k, a pullback to retest the $92k level becomes increasingly probable. Traders should keep an eye on these levels for potential shifts in momentum.

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Market Update Bitcoin has experienced a strong bounce following the $92k sweep yesterday, reclaiming both the 4-hour EMA200 (yellow line) and the $96.4k Monthly Open level. The key support to watch is $96.5k on the 4-hour chart. As long as this level holds, the next major resistance is $99.6k, the Previous Month High. A 4-hour close above $99.6k could open the door for a push toward $103k, the Monday Low.

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The last few months have been really profitable... I've only worked a few positions in the previous month. Consistency is key in trading! Quality and low volume.

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Market Update Bitcoin is currently in the midst of a substantial correction, down 14% from its recent all-time high. Yesterday's daily close marked a key shift, as it lost the Daily EMA25 for the first time since October. The price is now approaching a critical point at the 4-hour EMA200, currently at $96.2k, which could signal further downward movement if breached. If Bitcoin fails to hold the $94k level (previous week's low), the next likely support zone is between $92k and $90k, where the wick from December 5th was formed. Traders are keeping a close eye on these levels to determine whether the price will stabilize or continue to trend lower.

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