Market Update -
On Monday I mentioned in my Premium Group that $96.1k was an area Bitcoin would likely see a retest and reaction from. This was tested last night and has given a 3% move so far. At each 4hr candle close BTC has respected the $97.7k level (Weekly Open) and this is something we want to see continue for a potential move back to $102k.
Right now BTC is trading mid-range on both lower and high time frames. The safest option is to wait for a clean break of support or resistance to get a better idea of the next move.
2February 5, 2025 211
