$BTC encountered a strong support zone and, unable to establish itself below $100,000, remains in the buying zone. Currently trading in the range of $99,000-$105,000, where a clear diagonal trend is forming.
Breaking the trend line through a retest will open the way $BTC to $102,000, and the movement will likely continue to $104,500-$105,000.
The news background remains a key factor: while the U.S. government is shut down, I expect sideways movement.
As soon as the situation stabilizes - a rebound and a move towards $110,000 will become a realistic scenario.
In a negative news environment, I do not rule out a brief decline to $98,200-$98,000, where a new support level and strong resistance exist.
Not financial advice — think for yourself and earn! DYOR!
BTCUSDT
Perp
104,830.5
+0.23%