BTC broke through directly during the early morning hours, also breaking the major resistance level (94400) and staying above it. For subsequent resistance, I will first observe whether the 4-hour chart will break through (currently the 0.618 and 0.786 levels above). If it breaks through again, I will look at the Fibonacci levels on the daily chart.
Today's outlook
Short
Mainly, I will focus on the price action around the 101783 level.
Long
Since the major resistance level has been broken, a pullback will be an opportunity to go long. Watch the pullback to 94400-94000 and observe the closing. If it doesn't drop below immediately, then it can be considered a long entry.
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#BTC
BTC broke through directly during the early morning hours, also breaking the major resistance level (94400) and staying above it. For subsequent resistance, I will first observe whether the 4-hour chart will break through (currently the 0.618 and 0.786 levels above). If it breaks through again, I will look at the Fibonacci levels on the daily chart.
Today's outlook
Short
Mainly, I will focus on the price action around the 101783 level.
Long
Since the major resistance level has been broken, a pullback will be an opportunity to go long. Watch the pullback to 94400-94000 and observe the closing. If it doesn't drop below immediately, then it can be considered a long entry.