โDaily market review and thoughts: January 28th
#BTC (four-hour timeframe). ๐ช
Yesterday's daily candle closed above the $100,000 mark, which is a good sign for buyers.
On the upward movement, the asset overcame the trend line of resistance and the upper boundary of the Ichimoku Cloud.
Bitcoin is approaching local resistance around $104,000, while there is a decrease in trading volumes as the price increases.
The Balance Volume values are approaching the exponential moving average EMA 21.
Therefore, a local pullback of the instrument is likely from the $104,000 โ $105,000 levels.
A potential reversal zone is the support level around $101,000.
The lower boundary of the Ichimoku Cloud at around $99,500 will also act as a dynamic support level.
After the pullback, we expect a resumption of growth wit...
#BTC (four-hour timeframe). ๐ช
Yesterday's daily candle closed above the $100,000 mark, which is a good sign for buyers.
On the upward movement, the asset overcame the trend line of resistance and the upper boundary of the Ichimoku Cloud.
Bitcoin is approaching local resistance around $104,000, while there is a decrease in trading volumes as the price increases.
The Balance Volume values are approaching the exponential moving average EMA 21.
Therefore, a local pullback of the instrument is likely from the $104,000 โ $105,000 levels.
A potential reversal zone is the support level around $101,000.
The lower boundary of the Ichimoku Cloud at around $99,500 will also act as a dynamic support level.
After the pullback, we expect a resumption of growth wit...
