📊 BTC Market Update: Key Levels & Strategy

🔹 Pre-US Market Rebound: BTC saw a slight recovery in the European session, testing resistance at $97,700 and $98,800 twice today. However, it has yet to reach the upper Bollinger Band on the 2-hour chart.

🔻 Short Strategy at Key Resistance

📌 If BTC touches the upper Bollinger Band, consider shorting directly.
📌 The strongest resistance remains at $101,365—as long as BTC fails to break and sustain above this level with high volume, the overall strategy remains selling into strength.

⏳ Non-Farm Payrolls (NFP) Impact – 21:30 Tonight

⚠️ If NFP data is stronger than expected, BTC could face additional selling pressure and further downside exploration.
⚠️ If the data is weaker than expected, BTC may see a short-term relief rally of 1-2 resistance levels, creating an opportunity to short at higher levels.

📉 Support & Take-Profit Levels

🔹 $95,750 – First major support & key level for short-term profit-taking and potential long entries.
🔹 Profit-taking should be prioritized at this level, with stop-loss management in case of a breakdown below.

🚨 Risk Management Tip: Partial profit-taking is crucial at major support levels, and stop-losses should be adjusted accordingly to protect gains.
#Has the Market Bottomed Out?