Bitcoin Situation
Bitcoin
#MyFirstPostOnSquare 000. The upward breakout of the triangle has occurred, just as we expected. The situation moving forward is honestly quite complex.
Resistances:
$97 000, 0.382 Fibonacci level.
$98 000, a significant number.
$100 509, 0.5 Fibonacci level.
If I allocate 30% of the strength of the bears to these three resistances, then the next level is 70%, and most importantly, the zone between $103 000 and $107 000.
Here, the bears will strongly defend this zone because they will be adding to shorts here, some will be taking hedge shorts, and others will be selli