The overnight price action has been encouraging for both our long and short positions. Bitcoin tested the $64k level but, as expected, faced rejection. Recent 4-hour candles closed above $63.3k, which is the Monthly Open, so it's essential to see if the current close can hold this level.
If it fails to maintain above $63.3k, we could see a swift move back toward $62k. We're on a solid run, so letâs monitor how the Monday range develops and adjust our strategies accordingly.