BTC's first attempt to break through the 98,000 USD resistance level failed, and it pulled back.
This was expected, after all, 98,000 USD is a key weekly resistance level I predicted over a month ago. Currently, the pullback is not very large, and the current trend is consolidating around the 95,000 USD support. The true support level for the daily bullish trend is near 92,000 USD. Moving forward, we only need to pay close attention to these two levels during this pullback.
In terms of trading, I have closed most of my long positions. I'll observe the support strength at 95,000 USD and 92,000 USD. I will consider re-entering long positions and buying spot only when the price is near 92,000 USD. $BTC
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BTC's first attempt to break through the 98,000 USD resistance level failed, and it pulled back.
This was expected, after all, 98,000 USD is a key weekly resistance level I predicted over a month ago. Currently, the pullback is not very large, and the current trend is consolidating around the 95,000 USD support. The true support level for the daily bullish trend is near 92,000 USD. Moving forward, we only need to pay close attention to these two levels during this pullback.
In terms of trading, I have closed most of my long positions. I'll observe the support strength at 95,000 USD and 92,000 USD. I will consider re-entering long positions and buying spot only when the price is near 92,000 USD. $BTC