On a 1D timeframe, we are seeing some kind of reversal currently, which might send the price to the 102K area, where we then should see a proper move to lower zones.
Now we are not going to rush blindly to short here but we are waiting for more confirmations, which would be either a proper rejection from 102K or a breakdown + re-test of the 92K zone.
After that, we will see a proper free fall below EMAs!
Swallow Team
Note
Buyers are currently dominating the bitcoin, where we are going for a break of EMAs currently.
Now with such a sharp start to the week, we might see a further push to as high as 105K, where we have put down 3 possible zones of rejections that we are going to keep an eye on.
Meanwhile, let's ride and push a little bit here; ideally, we should see 105K as mentioned, but zones like 102K and 99.5K should be monitored as well!
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