We were expecting that #bitcoin☀️ sweep of $71.9k for a few days, simply based off of the #Volume of sell orders in that area. So far we have seen a 5.2% retracement to the lows. Notice, once again, the 2021 #ATH. at the $69.2k area is significant as it is being respected as 4 hour support.
This is also where the Developing Month Value Area Low is too. We are seeing large buy orders now starting to build in the $65k - $64k area so this is something to keep in mind in the coming days, but a small area of liquidity also sits at $66.8k. For now I am watching the price action develop and soon we make our next move.
