$BTC DAILY UPDATE

⚠️ Huge pump here, from $85,000 to almost hitting $95,000 without a single pullback, that is something really amazing without a doubt.

In the last couple of analysis, I've been calling for a Bitcoin pullback for some time, but price kept pushing higher breaking every resistance. That being said, we HAVE to remain objective and trade what we SEE.

Right now, price is at a major resistance zone (previously support) on the 1D timeframe, this area acted as a big support zone for many months before price made all time highs. So the significance of this resistance zone is much higher than the ones we draw previously

Secondly the RSI on the daily is now at 64, the last time RSI was this high was when bitcoin reached $106,000 before the eventual downtrend.

In my opinion, although our overall bias is bullish, there will be a pull back shortly from here.

Right now will also be a good time to start securing profits if you had accumulated on spot from lower prices. But I don't suggest shorting here, the mindset should be waiting for a pullback so that we can enter Long.