🚨 Market Update - 21/06/2024 👀
Bitcoin failed to hold ($65.3k) DM VAL and Monday Low ($65k) as support yesterday and we can see that once these levels were lost this zone became resistance. The price has continued lower this morning, but has so far bounced exactly from $63.5k.
$63.5k is the top end of the daily demand zone, and also the 4 hour downtrend support trendline. Liquidity is building lower, so the sell off may not be over yet. I have my eyes on some lower levels to bid if we see more downside.
