Technical analysis by PouyanFa about Symbol BTC on 1 hour ago

Looking at the chart from $127K down to $81K, we can see that after a strong drop and a corrective move, the price has now reached the 0.236 Fibonacci resistance and is currently reacting to that level. To break above this resistance, we need to see increasing buying volume, but so far there’s no noticeable volume expansion. We need to wait and see whether this resistance gets resolved today, or if the decision will be pushed to next week.