Bitcoin (BTC) Market Analysis and Trading Suggestions. (Monday Jan 6)
"Hey CRYPTO Fam, Wishing you a profitable day! 🚀💰"
Suggestion
The current price is near the resistance level of $100,000. It's essential to wait and observe how the market reacts to this level.
Buying
Consider buying if:
1. Price Breakout: Bitcoin breaks above the $100,000 resistance level with strong volume.
2. Pullback: Bitcoin pulls back to the $93,000-$95,000 support zone and shows signs of a reversal.
Selling
Consider selling if:
1. Price Rejection: Bitcoin rejects the $100,000 resistance level and starts to decline.
2. Breakdown: Bitcoin breaks below the $93,000 support level, indicating a potential trend reversal.
Remember, this is a general suggestion and not personalized investment advice.