📊Will #BTC break through the resistance zone?
🧠From a structural perspective, after breaking below the weekly support zone, the yellow support zone has now transformed into a blue resistance zone (91000-95000). Currently, the price is still moving within this area, and we can only maintain an optimistic outlook if it breaks above this zone.
➡️Additionally, ETFs are still experiencing net outflows, and with the year-end approaching and everyone preparing for the new year, market liquidity remains poor. Perhaps this will improve after the new year.
➡️I've also been preparing for the new year recently, and I'm still holding a small position from my short positions from September 3rd. For spot trading, I'm patiently waiting for the support zone around $70,000.
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BTC
87,391.95
-2.68%