🚨 Market Update - 👀
Bitcoin is starting to consolidate after the strong moves over the past 48 hours, which is not surprising considering it is the weekend. $118k is starting to look like resistance on the 2hr chart, whilst $117k is being respected as support, so this gives us a tight range.
For now I am looking for acceptance back above $118k or a sweep lower to the $116k level that we mentioned yesterday. If the trend is to remain strong here then we would want to see a good bounce in that area, but if this fails then $113k area looks interesting.