Market update-
Yesterday Bitcoin reclaimed $87.8k (Weekly Open) and this was successfully retested with a great reaction as can be seen in the green circle on the chart. The last 4hr candle closed above the $89k resistance we have seen over the past couple of days. From here I am looking at what happens on a retest of $89k - $88.8k because a strong reaction in that area can lead to $90k+ soon. However, if we see weakness in that area then we cannot rule out another retracement back to $88k-$87k. So many times in this current range we have seen strength lost very quickly, so we should still be cautious.
Yesterday Bitcoin reclaimed $87.8k (Weekly Open) and this was successfully retested with a great reaction as can be seen in the green circle on the chart. The last 4hr candle closed above the $89k resistance we have seen over the past couple of days. From here I am looking at what happens on a retest of $89k - $88.8k because a strong reaction in that area can lead to $90k+ soon. However, if we see weakness in that area then we cannot rule out another retracement back to $88k-$87k. So many times in this current range we have seen strength lost very quickly, so we should still be cautious.
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Today:
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Market update-
In yesterday's update I mentioned the importance of Bitcoins reaction on a retest of $89k - $88k area. As can be seen from the green circle on the chart, BTC gave a strong reaction from this area but has been unable to hold above $90k. It was a positive sign yesterday that strength was held throughout the day, compared to the last two weeks where full retracements were being seen during the US trading sessions. Now it is the weekend, with Bitcoin sitting around the range highs, I am watching for a clean breakout of $90k or a retest back towards $88k-$87k.
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In yesterday's update I mentioned the importance of Bitcoins reaction on a retest of $89k - $88k area. As can be seen from the green circle on the chart, BTC gave a strong reaction from this area but has been unable to hold above $90k. It was a positive sign yesterday that strength was held throughout the day, compared to the last two weeks where full retracements were being seen during the US trading sessions. Now it is the weekend, with Bitcoin sitting around the range highs, I am watching for a clean breakout of $90k or a retest back towards $88k-$87k.
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Market update-
Bitcoin now has 4hr acceptance above $90.6k (Prev Week High). This is the first time as have seen this since early December, so the obvious thing we want to see here is any $90.6k retest provide a good reaction. If BTC can maintain this level, this paves the way towards $94.5k (Prev Month High). As always, we need to be cautious of weekend pumps, as we have often seen this retraced early the next week, but the strength on Friday was a good sign. With the majority of the world of finance returning to their desks tomorrow, after the holiday, we also need to be cautious of volatility at the weekly close tonight.
Bitcoin now has 4hr acceptance above $90.6k (Prev Week High). This is the first time as have seen this since early December, so the obvious thing we want to see here is any $90.6k retest provide a good reaction. If BTC can maintain this level, this paves the way towards $94.5k (Prev Month High). As always, we need to be cautious of weekend pumps, as we have often seen this retraced early the next week, but the strength on Friday was a good sign. With the majority of the world of finance returning to their desks tomorrow, after the holiday, we also need to be cautious of volatility at the weekly close tonight.
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2025 PERFORMANCE:
✍️ TRADE IDEAS: 299
✅ WINS: 241
⚪️ BREAKEVEN: 18
✖️ LOSSES: 40
Join us 👇
➡️ t.me/CryptoChiefsPremiumBot
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Market update-
Bitcoin is still looking strong- continuing the upside move straight from the Weekly Open. From here, the next logical move would be a test of $94.5k (Prev Month High) to $95.5k where there is an area of supply. Today marks the start of the first full financial week of 2026 where most institutions return to the desk so, as well as the usual Monday situation, this could bring added volatility. My first area of interest for a reaction would be a retest of $91.5k (Weekly Open) but there is also a CME gap at $90.5k to keep an eye on.
Let's see what today brings. I am ready to start 2026!
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Bitcoin is still looking strong- continuing the upside move straight from the Weekly Open. From here, the next logical move would be a test of $94.5k (Prev Month High) to $95.5k where there is an area of supply. Today marks the start of the first full financial week of 2026 where most institutions return to the desk so, as well as the usual Monday situation, this could bring added volatility. My first area of interest for a reaction would be a retest of $91.5k (Weekly Open) but there is also a CME gap at $90.5k to keep an eye on.
Let's see what today brings. I am ready to start 2026!
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Checkout out some of the recent feedback from members of the Premium Group
Long term winning is why we are number 1!!🚀
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Market update-
Yesterday I said that Bitcoin was likely to see a test of $94.5k (Prev Month High) which is exactly what happened, however as expected this is a big level of resistance. So far there has been no 4hr close above this. If BTC does get 4hr acceptance above $94.5k then we could see a move back towards $100k happen very quickly.
We must also keep in mind that Bitcoin still has an unfilled CME gap around $90.5k.
The Monday Range this week is $91,475 - 94,760
Yesterday I said that Bitcoin was likely to see a test of $94.5k (Prev Month High) which is exactly what happened, however as expected this is a big level of resistance. So far there has been no 4hr close above this. If BTC does get 4hr acceptance above $94.5k then we could see a move back towards $100k happen very quickly.
We must also keep in mind that Bitcoin still has an unfilled CME gap around $90.5k.
The Monday Range this week is $91,475 - 94,760