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.