BTC tested 93,000 last night, holding up, while US stocks surged before the morning close, filling the gap. Bitcoin followed with a rebound.
Intraday oscillation upward until the evening data is published, leading to a breakout. After more than a week of consolidation at high levels, a breakthrough seems to be gradually forming.
From a fundamental perspective, tomorrow night's non-farm payroll data is the key focus for this week.
The current position is undergoing a pullback in the breakout range tonight, so holding above 95,600 becomes the primary task after the breakout. On a smaller scale, it should not fall back into the oscillation range to prevent a false breakout.
The upper level is currently testing the previously mentioned fluctuation range POC near 96,200. Typically, there is a lot of liquidity from bears at such positions, providing some fuel for the upward rebound.
Several positions to pay attention to
Support positions
First position 95,500-95,800
Second position 94,212
Third position 93,000
Resistance positions
First position 96,200 (currently testing)
Second position 97,715
Third position 98,320
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#BTC Trend Analysis