Bitcoin market update | BTC created a huge wick below our minor demand zone and has barely recovered from there. Currently, it is trading near $100k, and I expect the market to create a wick above $103k from here. After that, I anticipate seeing another rejection from that level.

Bitcoin market update | From a retail perspective, the market is looking good, and it is recovering from its daily trendline support, which I mentioned in the previous update. The market is approaching horizontal resistance, which is around the $107,000 price range. A new monthly candle is set to open tonight, and in that case, we might see a wick to the upside. However, unless we get a daily candle closing above the horizontal range, we are not considering the market as bullish.