Good Night Everyone,
About Today’s Market:
This morning, BTC entered bullish momentum, trading at 93,460, and it rose to 95,239. However, after the ETF trading session opened, BTC experienced high volatility with sudden rises and drops. Shortly after, BTC shifted into bearish momentum, trading at 92,400. Currently, BTC is trading above 94,000.
As I’m going to sleep, I want to provide some key information for those of you still trading.
Key Market Information:
Current Situation: BTC is facing a new resistance level on the 15-minute chart. The market is attempting to form a new resistance level.
Bearish Momentum: If BTC fails to break the resistance, it may continue its bearish momentum and drop below 90,000.
Bullish Potential: If BTC breaks the previous high of 95,240, it will likely enter bullish momentum. If it doesn’t break that level, BTC is expected to drop soon.
For Those in Short Positions:
Follow this information closely to manage your positions effectively. Be ready for a potential move based on BTC’s ability to break the previous resistance.
Good night, and stay alert for the market developments.