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Market Update - After multiple bounces from $66.8k Monday Low, Bitcoin is starting to show weakness at this level. From here I am looking for a strong 4 hour close back above this level, but I think there is a good chance that we see a sweep of $65.5k - $65k 4 hour demand. If BTC does not develop a local bottom there, it is possible we see a quick move towards the Monthly Open level at $63k.
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#Market_Update Bitcoin is currently facing a tough resistance at $69,200, the all-time high from 2021. So far, we haven’t seen a 4-hour close above this level, and the recent price action indicates a rejection. As we look forward to the Monday range, here are the key levels to watch: Support: $68,000. This level needs to hold for a bullish outlook to remain intact.If $68,000 Fails: Look for a retest around $66,500.If we can achieve a 4-hour close above $69,200, we could see a quick move towards the all-time high again. Overall, the next few hours will be crucial in determining Bitcoin's short-term direction
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| ̄ ̄ ̄ ̄ ̄ ̄ ̄ ̄ ̄ ̄ ̄ ̄ ̄| #ElectionDrama |_____________| \ (•◡•) / \ / —— | | |_ |_
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#Marketupdates $BTC has established solid 4-hour support at $66.8k. The most recent 4-hour candle closed above the $67.8k resistance for the first time, which was a key level we’ve been monitoring. The current 4-hour candle is critical in determining whether this is merely a deviation (if it closes back under $67.8k) or a confirmed breakout aiming for a move up towards $69.2k. $66.8k and below is my primary area of interest for any potential retest. Traders should keep a close eye on these levels to gauge the next steps in the market. #CashStrategy #TraderAlert
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