$BTC The selling pressure above 94k is quite serious, and the price has dropped before reaching the shorting point. Only a strong breakthrough above 95k can allow the bullish sentiment to continue spreading. It has been 7 days since the rise from 1st to now, and a trend reversal is likely to happen in the next couple of days. The supply and demand at 95k will take time to balance out, which means I am more optimistic about a pullback happening here. The pullback to 92k-90k in the early morning has already occurred. To be honest, the 4-hour candlestick chart $BTC gives me a sense of a trap for more gains. If in the next couple of days, the price does not break through 95k or quickly pulls back after poking above 95k, then this upward move will come to an end.
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$BTC The selling pressure above 94k is quite serious, and the price has dropped before reaching the shorting point. Only a strong breakthrough above 95k can allow the bullish sentiment to continue spreading. It has been 7 days since the rise from 1st to now, and a trend reversal is likely to happen in the next couple of days. The supply and demand at 95k will take time to balance out, which means I am more optimistic about a pullback happening here. The pullback to 92k-90k in the early morning has already occurred. To be honest, the 4-hour candlestick chart $BTC gives me a sense of a trap for more gains. If in the next couple of days, the price does not break through 95k or quickly pulls back after poking above 95k, then this upward move will come to an end.