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i only close my
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when hit $1M profit, Or it's going to hit SL. 🚀
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Market Update Bitcoin continues to trade within a tight range, showing little volatility at the weekly open/close. At the moment, it's hovering around $93.8k, offering minimal clues for its next direction. This lack of movement is understandable given the holiday season, but traders should still keep an eye on a couple of key levels: 1. $96k – A test of this level, which aligns with the current hourly EMA200, could suggest a potential push higher. 2. $92.5k – A retest of last week's low could provide support and indicate a possible bounce. With the market in a consolidation phase, the price action around these levels will be crucial in determining Bitcoin's next move.
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Market Update: Bitcoin has now dropped below the $95k level (Weekly Open) on the 4-hour chart. The demand zone between $94.9k - $93.8k, which was highlighted a couple of days ago, is still holding as support. However, BTC is currently chopping around within this zone, showing a lack of clear direction. Bullish Scenario: If Bitcoin reclaims the $95k level, it could signal another push towards $96.5k (Monday High) and the 4-hour EMA200, both of which are key resistance levels. Bearish Scenario: If the demand zone fails to hold, a break below could lead to a sweep of the $92.5k (Monday Low). In conclusion, Bitcoin is consolidating within a key range. A reclaim of $95k could lead to a move higher, while a loss of the demand zone would likely bring the price down to $92.5k. Keep these levels in mind for the next potential move.
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support & Resisrance
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Market Update - Bitcoin is still facing 4 hour resistance at $99.6k (Prev Month High,) with another test and rejection from this level yesterday. This has seen a 5% sell off overnight, with $95.1k (Weekly Open) providing a small reaction so far. BTC is struggling to hold onto the 4hr EMA200 at $96.5k, and if we see acceptance below this then we may finally see a retest closer to $92k again.
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