#BTC - Price Update
My sentiment: A retest of the $98,000โ$99,000 zone looks likely next ๐
According to my analysis, bulls are not in control in the short term.
To keep it simple:
Weekly candle: DOJI = indecision.
Ongoing geopolitical tensions are creating fear in the market.
Price is now trading below the key $106,000 area that was highlighted and tested a few days ago โ ๏ธ
Short term: Likely to see another test of this area ๐
Weโll see if bulls can reclaim and hold above $107k - $106,5k, but I expect one more low to be printed, targeting weekly levels and grabbing liquidity around $98,000-$100,000 (monthly demand zone).
Check setup in my 3rdchart๐ฏ
Upper daily resistances:
$106,200
$106,800
$108,000
Key lower supports to monitor:
$103,600
$102,800
$101,600
$99,500
$98,000
In case of a major drop:
$93,500 - $94,000 area (50% weekly fib)
As long as bulls hold above $93,000, they still have control on higher timeframes. Global trend remains bullish [HTF]๐ฅ๐
