BTCUSDT is testing the 100K area and updating its local minimum to 98,900 as part of another liquidation. The market is weak, and bulls are trying to wait out the panic...
Bitcoin looks weak. After a sharp decline, a pullback is forming, during which the price may test the break-even and interest zones — previously broken support areas. Buyers are not yet showing themselves in the market...
There is an intermediate bottom at 98,900, as well as the upper limit of the local range at 105,200. The range of 105,200 - 107,200 - 108,200 is important because it hides a pool of liquidity for a downward movement. MM may reach these zones and bring the price back into the trading range.
Resistance levels: 105,182, 107,271
Support levels: 101130, 98900
A retest of resistance at 105182 and the lack of potential for continued growth may confirm the fact of a false breakout, which in turn may provoke a fall to local targets. I do not rule out the possibility that the price may go even higher, for example, to 107270 - 108200. I do not see any point in waiting for a trend reversal yet...
Trade at your own Risk 👍
Best Regards, Trade Cryptocurrency
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