Market Update

The demand zone we have been highlighting on Bitcoin since the weekend showed us yesterday why it was so important.

As soon as we had a 4 hour candle close below, we saw 2 failed reclaims before pushing lower.

This was the healthy correction we had been waiting for which filled out entry limits perfectly.

As always after such a move we wait for some price action to develop. The test that looking for is at the Monday Low ($36.3k.)

If it is reclaimed then we can continue in the range up to $37.5k.

If we see a rejection from this level, then likely the range of $34k-$36k as we did at the end of October.

#LUNA #GAS #BTC