Daily Market Analysis - BTC

The market cap is up to 271B. Dominance is up to 68.71%. The price of Bitcoin is at 10,400.

Price action continues to range between 9,900 - 10,500. Until the next major support or resistance point is broken, we remain neutral on directional bias.

Smaller timeframes between the 15 min and 1 hour are bullish, but the four hour is overbought. If there is short-term bullish price action, we could see continuation of price action on the higher time frames.

Over the weekend, we want to watch for a breach above 10,700 or below 9,500.

Bearish: If short-term price action breaks below 9,700, the next support to watch is 9,400.

Bullish: If we break above 10,700, the next resistance point to watch is at 11,300.

Bullish 55% / Bearish 45%