1. Background - Price continued to rally 8% from Yearly Open. Rejected from range highs supply yesterday with an SFP of previous high.
2. Most important confluence of resistance levels = 94-95k.
3. Expecting price to retrace to support at 90.7-91K. Volume node and VWAP from the yearly open both add confluence here. Very important level to hold for LTF trend continuation.
Q1 still should be very bullish. Will change my opinion if more information develops.
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Bitcoin Price Update 🚨
1. Background - Price continued to rally 8% from Yearly Open. Rejected from range highs supply yesterday with an SFP of previous high.
2. Most important confluence of resistance levels = 94-95k.
3. Expecting price to retrace to support at 90.7-91K. Volume node and VWAP from the yearly open both add confluence here. Very important level to hold for LTF trend continuation.
Q1 still should be very bullish. Will change my opinion if more information develops.
$BTC
{spot}(BTCUSDT)