Bitcoin analysis:

Still bearish on daily tf. However, market is at prior monthly resistance which might flip as support plus btc made a new daily LL so chance of a correction soon is quite probable.

I don’t think we’ll close the day bullish today though as we’re still bearish on 1-4hr timeframe.

It’s not at a high probability area to short but trend is still bearish and market could continue down a bit more with the trend but I suggest being careful with big shorts in this area, scalps more likely to work than swings.

101000 area is a more high probability area to look for shorts back to the recent lows and possibly lower towards 89k. A break back above 106k would flip the trend bullish then we can look for longs.

That’s it for now. Good luck and remember to manage your risk to prevent full liquidation if trades go against you.

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