$BTC $86,800 ๐
Bitcoin gained around 2% overnight and once again tested the key resistance of the current range at around $86K
Now we need to watch how price reacts to this level. If we get a clean breakout and a daily close above this resistance, the market structure could shift in favor of further upside, with the next major resistance zone around $91Kโ$93K
However, if price gets rejected here and fails to secure a daily close above resistance, weโll be looking for a stronger pullback from this area
This time, the market is ignoring a lot of fundamental factors, while weโre seeing plenty of manipulative moves designed to sweep liquidity. It is what it is -this range has genuinely been harder to read and predict than usual. Sometimes the market is just like that
For now, weโll keep watching the price reaction and try to catch the next major move.
#NFPWatch #BitcoinFundingRateTriplesTo10% #ZcashFalls21%FromSeptemberPeak #USSeptemberPayrollsAdd29KUnemploymentRises4.2%
Bitcoin gained around 2% overnight and once again tested the key resistance of the current range at around $86K
Now we need to watch how price reacts to this level. If we get a clean breakout and a daily close above this resistance, the market structure could shift in favor of further upside, with the next major resistance zone around $91Kโ$93K
However, if price gets rejected here and fails to secure a daily close above resistance, weโll be looking for a stronger pullback from this area
This time, the market is ignoring a lot of fundamental factors, while weโre seeing plenty of manipulative moves designed to sweep liquidity. It is what it is -this range has genuinely been harder to read and predict than usual. Sometimes the market is just like that
For now, weโll keep watching the price reaction and try to catch the next major move.
#NFPWatch #BitcoinFundingRateTriplesTo10% #ZcashFalls21%FromSeptemberPeak #USSeptemberPayrollsAdd29KUnemploymentRises4.2%