š Daily Bitcoin Analysis š
- BTC had a pullback as we expected and bounced off of our 106k support.
- We now have liquidity drying up to the downside while it's building to the upside near 110k. This could act as a target within the next few days so keep an eye on any positive news as the catalyst.
- The RSI is now reset on the daily below 70 and the StochRSI is near 50 which also gives us more room for a rally.
- Be mindful that it's a Memorial weekend so liquidity will be low and volatility will be high.
- The market is very indecisive right now so I'm remaining patient and continuing to bid at major support levels on the daily/weekly timeframes.
Major resistance is now 110k and 112k
Major support is now 106.2k, 102.7k, 100k, 95k, 88-90k
