$BTC
BTC Market Analysis
On the lower time frame, yesterday's high was around 84255. Price fell just short of the previously mentioned resistance zone of 84444–84600 before meeting resistance and dropping.
The short-term low briefly spiked down to around 80900, but didn't break the previous low and quickly rebounded. Could this be the start of a strong rally after the long positions were liquidated?
Suggestion: Keep watching the resistance zone at 84444–84600. The support below is still the 80,000 level!
BTC Market Analysis
On the lower time frame, yesterday's high was around 84255. Price fell just short of the previously mentioned resistance zone of 84444–84600 before meeting resistance and dropping.
The short-term low briefly spiked down to around 80900, but didn't break the previous low and quickly rebounded. Could this be the start of a strong rally after the long positions were liquidated?
Suggestion: Keep watching the resistance zone at 84444–84600. The support below is still the 80,000 level!