📊 Daily Bitcoin Analysis 📊
- $BTC is still hovering just below its 95k resistance at the 0.618 Fib (which it's touched 5 times in the past).
- Historically, the more times a level is tested, the weaker it becomes.
- The RSI and StochRSI are now starting to level out but I'm still waiting for confirmation of a cross-over for bullish continuation.
- At this point, you're still better off waiting for a daily close above 96k or below 93k. Some liquidity disappeared at 94k but has added above 96k which could act as a magnet with any positive news.
Major resistance is 95k, 100k, 106k, and the 108k trendline.
Major support is 88-90k, 86k, 83k, 81k, 77-78k, and 72-74k.