There was a slight pullback in the market over the weekend. However, in my opinion, this was a healthy correction that could support the continuation of the upward trend. A retest of the $92,000 level for #Bitcoin would be quite constructive, as it would confirm both the broken downward trendline and the previous horizontal resistance.
We are currently around the 95K range and have touched the resistance zone marked in red. However, it seems a selling reaction has occurred here. A pullback to the 92,500 zone to test it as support could lay the groundwork for further upward movement.
If strong buying pressure emerges from this area, the target could be above 100K once again. But any upward moves before this retest may remain weak.
Wishing everyone profitable trades
