🪙#BTC CME closed above 64K yesterday, but the overall dynamics over the weekend weren't the best - Bitcoin continued its local decline and thoroughly tested the 61.8% Fibonacci level.

❗️ If we don't see a buyer reaction from this area and the price continues to decline, it could lead to the cancellation of the scenario for continuation within the descending channel.

However, we've seen similar patterns before, where the price, upon a full bounce from the lower boundary, returned back to the main support zone before continuing its upward movement.

⚠️ Let's see how the week closes, then the month, and afterwards it will be clearer whether BTC can fully move to test the upper boundary of the channel.

🚀I remain positive and within the scope of the medium-term movement, I expect BTC to grow and test levels above 70K. Without such a liquidity gathering, it's hard to imagine the price undergoing a significant correction below 60K.

#Write2Earn! #DODOEmpowersMemeIssuance #BTCReboundsAfterFOMC #solonapumping #ETHETFsApproved $BTC