The 24-hour low point for BTC has been raised from yesterday’s 80,533 to 84,117—an increase of 3,584 points. This morning’s high was 87,385; 87,385 + 3,584 = 90,969.
If U.S. stocks (Tuesday and Wednesday) continue the two-day rebound, they should be about within reach. If the market opens lower and then trends down to close lower, BTC will likely retest 84,666–83,850, and we will need to move our long entry to this level.
The price of MSTR is around 179.5, benchmarking BTC around 91,000. MSTR’s 180 is a strong resistance. I expect a proper pullback from around 179 on the rebound: the minimum retest could be around 157, and once it holds there and stabilizes, it may move up again to reach the phase high point at 196, which corresponds to BTC around 94,000.
So the next BTC targets are clearly 90,950–94,000.
If U.S. stocks (Tuesday and Wednesday) continue the two-day rebound, they should be about within reach. If the market opens lower and then trends down to close lower, BTC will likely retest 84,666–83,850, and we will need to move our long entry to this level.
The price of MSTR is around 179.5, benchmarking BTC around 91,000. MSTR’s 180 is a strong resistance. I expect a proper pullback from around 179 on the rebound: the minimum retest could be around 157, and once it holds there and stabilizes, it may move up again to reach the phase high point at 196, which corresponds to BTC around 94,000.
So the next BTC targets are clearly 90,950–94,000.