Current market sentiment is bullish, with Bitcoin having broken out and backtested a two-month corrective range. The HTF support has held, indicating a strong foundation for further upside. Technical indicators are mixed, with some suggesting a potential breakdown, while others point to continued growth.
Key levels to watch:
- Support: $94,697 (S1), $93,833 (S2), $93,271 (S3)
- Resistance: $96,124 (R1), $96,685 (R2), $97,550 (R3)
Given the current momentum, I'd lean towards a continued upward trend, but with caution. The $101,200 level is a key resistance zone to watch for potential price discovery.
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