Bitcoin has made two attempts at breaking to the upside, both rejected and price has returned into the local range. This morning we have seen a bounce from the daily naked point of control which was in confluence with the anchored vWAP which continues to hold price and the local range VAL. The $102,100 level was given in Fridays BTC technical analysis update and has given a $1200 bounce so far.
Bitcoin Trading Plan
Todays levels of support for Bitcoin where price may, or may not give a reaction are:
- 100,700 – Monthly vWAP, SFP of local lows.
- 97,000 – Upper range POC.
- 94,000 – Daily Naked POC and anchored vWAP.
- 91,600 – Naked POC & liquidity.
Todays levels of Resistance for Bitcoin where price may, or may not give a reaction are:
- 107,265 – Untested value & SFP of local high.
- 109,000 – Weekly and Daily naked point of control.
High Impact News events to be aware of:
- None.
The above levels are intended as areas of interest only, they are not in anyway financial advice and a valid entry trigger, stop loss placement and target needs to be considered before entering any position