Yesterday we saw bitcoin pullback to the $104,570 level given in yesterdays BTC technical analysis update. So far we have seen a $3400 move away from this level and clean break of the local and upper range VAH zones.
Bitcoin is currently pulling back to the upper range VAH, so for further upside we would like to see a retest and flip to support of this area.
Bitcoin Trading Plan
Todays levels of support for Bitcoin where price may, or may not give a reaction are:
- 104,564 – Daily Level, anchored vWap, upper range VAH.
- 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:
- 109,000 – Weekly and Daily naked point of control.
High Impact News events to be aware of:
- None.