$BTC Bitcoin had a strong rise with good volume but did not make a healthy correction as it breached several resistances without testing them. It is true that it broke the downtrend, but to enter the market it is necessary to wait for the correction. Currently, it is stagnating at the resistance of 95700, with low volume. When the volume is reduced, even small movements can be easily reversed, which limits the price's ability to break important resistances. Moreover, tomorrow the PMI (Purchasing Managers' Index) report of the United States will be published, a key indicator of economic health. Most investors are staying away waiting for this news, which is why the volume is low, and if the report reflects weakness in the economy, it could generate risk aversion and further pressure down volatile assets like Bitcoin. For these reasons, I expect a correction in the price rather than a rise.
A drop towards approximately 86600 can be expected, which is why I have buy orders at those levels, but we also have very strong news on Friday regarding employment in the United States, so perhaps it’s not tomorrow but Friday.
I still remain bullish on Bitcoin in the medium term, as at some point the FED will have to step in to rescue the economy by lowering rates, so I would see it as a drop in search of liquidity for a new rise.
It could also be expected that the news will be positive, and the price will break through the resistance of 95700 and continue rising, but the issue of tariffs with Trump will likely start to reflect in the economic indicators. In that case, I would have to reevaluate the chart again. In any case, don't fall into FOMO, be patient and wait for the price to give us a good entry.