BTC tested the lower edge of the upward channel again last night and started to strongly recover above 94,000 this morning. So the short-term strength continues. It was mentioned earlier that standing above 94,000 in the morning should provide more space for subsequent rebounds.
On a slightly larger scale, it is still in a high-level consolidation zone. Since we mentioned the consolidation zone, the POC (area of concentrated trading) in the consolidation zone before the last major drop is about to be tested.
The overall view still maintains a high-level fluctuation. This position continues to test the selling pressure upwards and begins to consolidate sideways.
Pay attention to the testing of the upper edge of the upward channel on a smaller scale. Overlapping the previous fluctuation range's POC potential pressure.
Several positions to pay attention to
Support positions
First position 93,000-93,550
Second position 91,273
Third position
Resistance positions
First position 96,226
Second position 97,709
Third position 102,155
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#BTC trend analysis