$BTC is gradually approaching the important resistance area around ~94,000
The long order after the increase I mentioned in yesterday's analysis has been filled at ~89,343 USD (POC of weekend range) and is currently running. If you also entered the order, congratulations on making a profit
Currently, Bitcoin is reclaiming the ~91,400 mark and is likely to attempt once more to conquer the resistance area ~94,000
When the price reaches ~94,000, I will wait for:
- Short if there is a confirming reversal signal, or
- Long if the price breaks up confidently.
If entering long, the short target is ~95,500 and ~99,000
Since BTC is reclaiming the area ~91,400, a scalp long during the retest can also be considered. However, at this point, it is a bit late, so the risk is higher; remember to adjust capital management.
Above the area ~94,000, there is almost no resistance left until ~95,500. But in my opinion, if BTC strongly exceeds 94,000, the next target will be ~99,000
