Market Update -

At yesterday's close Bitcoin pushed up to sweep the $64.5k liquidity that I mentioned in the morning update. This was great for our long positions. However, we saw a strong rejection there, and we cannot ignore the signal we are seeing from the volume. Looking at the orange trendlines, we can see each pump into the resistance has been with less volume each time.

This is a sign of weakness which can often lead to a stronger pullback. Having said this, there is new liquidity growing at $65k, so all the time we are in this shoppy range we cannot rule out a sweep of this. Looking for more opportunities today.