Hey, guys.
Hope you're okay.
Just a quick crypto update. Last week closed bearish, in fact we have a bearish takeover from last week. In good news, we are still above the key support of 64k. The market was under pressure from institutional sellers, with total outflows from bitcoin ETFs totaling 580 mln.
Since we are at the lower boundary of consolidation, the consolidation trading rules are active again (breakout and breakdown), to buy I would wait for a return above 67k, I do not rule out that we may see another liquidity test and removal of the low around 64k. Let's see how the week opens. And we will take a closer look as usual on Monday in the weekly review. Always DYOR.
Stay tuned.
