➔ Price has bounced about 10% from recent lows, showing strong support. ➔ Facing resistance near the weekly level. ➔ Monthly resistance is the main line to watch.
4-Hour / Daily
➔ Short-term rejection is likely due to higher timeframe resistance. ➔ Recent daily closes suggest a possible breakout forming. ➔ Support around $95K looks strong.
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$BTC Top-Down Analysis!!
Weekly / Monthly
➔ Price has bounced about 10% from recent lows, showing strong support.
➔ Facing resistance near the weekly level.
➔ Monthly resistance is the main line to watch.
4-Hour / Daily
➔ Short-term rejection is likely due to higher timeframe resistance.
➔ Recent daily closes suggest a possible breakout forming.
➔ Support around $95K looks strong.
Keep an eye on the next moves.