đ¨ Urgent BTC Analysis Update đ¨
đ CME went into the weekend looking strong! The price broke above 62K on Friday, closing at 62.7K. If consolidation follows, we could see positive momentum next week with a test of the upper boundary of the descending channel at 66-66.5K.
âď¸ Best-case scenario: The price has rebounded from the 50% Fibo level. If growth continues, we might see a move to the -27% Fibo zone and a breakout above the trend channel. This could mark the start of a medium-term trend reversal toward an uptrendâbut it's too early to confirm this just yet.
â Summary: Let's watch how the week closes and see what dynamics unfold at the start of the new week!
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