Scenarios I’m watching today for
$BTC The $96,500 level is the first key resistance for Bitcoin. I personally think there’s a good chance we’ll break this level and test $98,000–$100,000.
Right now, it’s not ideal to go long since we’re already close to resistance and a rejection is still possible. I’d rather wait to consider a short around $98,000–$100,000. Alternatively, if I see weakness at $96,500, I may open a short there.
For now, patience!
The US market opens in just over 3 hours, that’s when we should expect a clear trade opportunity.